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Beau Jensen
  • Sales Rep for Trio Signs Inc.
  • Clarksville, TN
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Self-directed IRA

Beau Jensen
  • Sales Rep for Trio Signs Inc.
  • Clarksville, TN
Posted Oct 22 2016, 08:29

I have been trying to educate myself on the advantages of a Self-directed IRA vs Roth IRA.

My curiosity was peaked when I listened to a Podcast recently about a gentlemen that purchases "investment properties" with his Self-Directed IRAs.  In addition, he mentioned that he purchases "investment properties" for his children (who are minors) with the Self-directed IRAs. 

A Couple of more questions: 

  1. Can you use a Self-Directed IRA similar to a "Checking Account". Can I purchase property through it and make monthly payments through it allowing the "Cash Flow" to gain interest?
  2. Can I roll my current Roth into a Self-directed IRA?
  3. Typically, do investors form a LLC when using a Self-directed IRA when purchasing property?

Looking forward to responses from BP members. 

Thanks,

Beau Jensen

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