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Updated over 11 years ago on . Most recent reply presented by

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130
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Eleena de Lisser
  • Rental Property Investor
  • Philadelphia, PA
77
Votes |
130
Posts

Should a LLC be created for 1st SDIRA deal?

Eleena de Lisser
  • Rental Property Investor
  • Philadelphia, PA
Posted

I'm going to open a SDIRA and was wondering if I should create a LLC for the first real estate deal that will be paid for out of that account? Any advice?

(p.s. I live in Philadelphia, Pa, where there is a 4% realty transfer tax, so the the idea of buying something in my name and then transferring it later on into a LLC or a trust has a financial impact.)

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