All Forum Posts by: Kaaren Hall

If you have an IRA-Owned LLC (Checkbook IRA) you can look at investing the idle cash within the LLC's checking account into a CD. Ask the bank holding that checking account. Rates on CD's are pretty good right now and a CD is an acceptable investment for your account. You should never move your IRA-Owned LLC money to another custodian. That would be considered taking constructive use of your IRA and could be a prohibited transaction. Investments made with the LLC's money are fine, just not with another custodian.

There is one IRA that owns that LLC. The LLC gives you checkbook control. Don't muddy the waters by throwing another custodian into the mix!

I believe BPCON2022 is sold out - Next year!!  See you then!

Thanks Thomas!  See you there!

What 's better than tax-free savings?  Of course, your contributions are after-tax, but you can grow a self-directed Roth with things like precious metals and micro loans to real estate investors.  Before you invest, it is prudent to perform your own thorough research and due diligence on the risk profile of an investment.

Hi Jennifer - I have a Real Estate Investor Association (REIA) in Orange County, CA called OCREIA. Our web address is www.OCREIA.com.

I will be on the tax panel with some real rock stars like Matt MacFarland and Amanda Han of Keystone CPA.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $210,000
Cash invested: $40,000

Property just completed rehab. The plan is to hold for 2+ years. Upgraded this 1959 ranch-style house to the 21st Century.

What made you interested in investing in this type of deal?

My son & his wife moved here. Very affordable market, good opportunity to invest in a college town.

How did you find this deal and how did you negotiate it?

This was a pocket listing from a realtor.

How did you finance this deal?

Conventional financing.

How did you add value to the deal?

Rehabbed and brought the property up to date.

What was the outcome?

House looks great! Just finished the main work.

Lessons learned? Challenges?

I live in CA. Homes in MO have basements. There was a foundation issue and got a pro to come in and stabilize. House was built in 1959, so it's not all "square". Learned about working with a GC.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Shane Burr, Midwest Mortgage Associates Corp - Office 573.303.3844 - Direct 573.818.2879
Lisa Pryor, Escrow Closer | Monarch Title Company, Inc - Main Office 573.441.0725

We permit the IRA-Owned LLC at uDirect IRA Services. These LLCs can be great tools for IRA investing but they are not always necessary. "With Great Power Comes Great Responsibility" and that's certainly true with the IRA-Owned LLC. When your investments are not being reviewed (by an IRA custodian) you run a higher risk of committing a prohibited transaction. So you want to ask yourself if you really need this IRA tool to assist you with building your retirement.

Chris - If you are lending your IRA money to a friend and they are lending there IRA money to you (reciprocal lending) this can be viewed as personal benefit and constructive use of your IRA funds. It's a legal matter. We at uDirect IRA Services often refer people to Mat Sorenson of KKOS to answer these types of questions. You can reach Mat at [REMOVED]