All Forum Posts by: Paul McHale

@Brian Eastman  Thanks much.  Solera indeed was the ticket.  They made the complicated so easy!  Appreciate the information. 

Good Evening, 

I have run into the roadblock of trying to find a bank that will open up an business account - with an LLC that is owned by a self directed retirement account. Unfortunately when the two LLCs were formed - they did not include the organization that holds the retirement account $$ as a eligible signer. So they can't write a check and send it directly from the account. Which means I need to open an account - have $$ transferred from retirement account to business bank account - then check written from there to purchase home.

Have gotten derailed 3 times now at the last minute with the simple message "our risk department will not open up a business account that is owned by an IRA". To make matters more complicated, the LLCs are out of state (Indiana and North Carolina) - and will hold single family homes. Have tried locally in Arizona (Wells, BofA and two local credit unions) and nationally (Axos).

Hoping to find a bank that can deal with the above.  Or lol...left to go redo the LLCs (argh).

Thanks for any suggestions!