Houston, TX · Member since 2019 · 3 posts · 0 votes
Best SDIRA with lowest fees?
2 accounts total $1.5 million for this.
Any that allow to keep unused cash invested in income generating financial investment options.
Intentions is to invest in multi-family deals. My understanding is I can only invest as a passive investor in other people's deals and not in my own deal where I may be a general partner or full owner.
Probably the best approach for you would be to use a "Checkbook IRA". This way you can eliminate all transaction and asset-based fees normally charged by the custodian. Given the amount you have in your IRA those fees would be measured in hundreds of dollars if not more. With checkbook IRA you pay nominal custodian fee (under $200/yr) and have "checkbook control" so you won't have to go through the custodian for each transaction.
Correct, all investments must be "arms length", make sure you understand IRS Prohibited Transaction rules: