457 Conversion to self-directed
Hi - I'm interested in converting a portion of my 457(b) - about $80k - into a self-directed IRA, obviously for purposes of RE investing.
After that, it seems logical to form a LLC around those funds.
A couple questions:
After that, it seems logical to form a LLC around those funds.
A couple questions:
- I'm leaning toward engaging a CPA for the process; is this overkill, or a good idea?
- Is the LLC something that should be immediately created, or wait until I find a deal I want to pursue?
- I just finished 'Tax Strategies for the Savvy Real Estate Investor', and it was a great read. Any other books anyone would recommend that address this area?
Thanks in advance,
Charles Andrews