Does anyone have resources on best practices for using a Self Directed IRA to fund a Real Estate Holding LLC?
I am interested in using the funds in my self directed IRA (& possibly those of a few close friends) as seed capital for purchasing rental properties through a real estate holding LLC.
Thanks in advance!
Hey Darnell there's a few IRA wonks on these forums. One that I've found very helpful is @Dmitriy Fomichenko
My limited understanding of this is something called a 'checkbook' IRA if my memory serves. Certainly a lot of the compliance standards for a self directed IRA limits one's ability to operate in the same way for real estate, outside of the IRA.
@Jim Goebel thanks for sharing. I’ll be sure to reach out to Dmitriy. Also, I’ll read up on the compliance standards required for this strategy.