Yes, another SDIRA/SDIRA LLC
2 Replies
Roger Poole
Rental Property Investor from FPO, AP
posted over 3 years ago
First off I have read the hundreds of post on this topic. Im 28 years old active duty living overseas. I am shifting from a Roth IRA to a SD however unclear for best direction for my vision. I am interested in obtaining overseas condo rentals and domestic notes for my retirement account. Reasons: Overseas rentals for possible future retirement home while collecting airbnb n online travel bookings. Domestic notes due to the passive nature while living overseas with no estimated return planned.
Question: 1. Go with Roth SDIRA however, offshore rentals complicates and confuses most custodians. Pay for half of my desires
2. Go with SDIRA LLC but large upfront cost will eat either nest egg/emergency fund/or cc charge.
Just need advise or things not covered in the hundreds of post dated in the last decade. Sorry if this post doesn't give alot of details.
Carl Fischer
Rental Property Investor from Ambler, PA
replied over 3 years ago
PM or email me and I will walk thru the options based on your situation. I will let you know what others in your situation have done. Also Thanks for your service.
George Blower
Retirement Accounts Attorney from Southfield, Michigan
replied over 3 years ago
@Roger Poole
It may be best to do it through an IRA LLC if investing over seas since not all IRA custodians will wire funds to foreign bank accounts.