self directed IRA doing self storage

[John Brennan]

So I'm interested in getting started in purchasing and running self storage facilities and want to learn more. At the same time, I have decent money in my IRA invested in mutual funds. I'm thinking of converting some of that IRA money into a self directed IRA. And then finding an experienced active investor and putting passive IRA money into a deal with them and learning the ropes along the way.

First of all, does this sound reasonable? And if so, where would anyone recommend that I look to do this?

Thanks

John

[Dmitriy Fomichenko]

@David Henderson,

Your question is unclear... You can have an IRA-owned LLC (aka Checkbook IRA) to buy real estate with it or make any other alternative investments. You can establish a personal LLC and use it to buy a business. All IRA-related transactions must be "arm's length", in other words, IRA can't get involved in any transaction with yourself, your immediate family members or any entities these individuals own or control.