Self-directed IRA recommendation

[Ron Culibao]

Hello,

I am planning on rolling over my IRA account to a Self-Directed IRA so I can start investing using it for my real estate investing.

Can anybody recommend a good Checkbook Controlled Self-Directed IRA company

that I can use?

Thank you in advance. 

Ron

[Justin Windham]

The costs can vary quite a bit depending on the service provider or providers. With a self-directed IRA, you must have a custodian (as with any IRA) and most custodians will charge a setup or application fee with fees for transactions and/or asset-based fees being common too. To have checkbook control, you would also need an LLC to be created for the IRA. Some custodians allow this while others do not. The LLC will have a fee for setup (organization) as well as an ongoing filing fee with the secretary of state where the LLC is formed. A facilitator will charge their fee on top of that.

If you are eligible for a Solo 401k, that is often the best route to go. There is no need to form an LLC to have checkbook control and you do not need a custodian, so it usually ends up costing less money and you have several advantages over the IRA LLC structure.