Self Directed IRA LLC Testimonial
We recently conducted great event about customer experiences, it was a huge success! Many beginners have learned from experienced investors. Here is a video of one of our clients, Scott Burns, resident of Rancho Cucamonga in Southern California. In this Self Directed IRA LLC Testimonial, Scott shares his experience of converting conventional IRA into Self Directed IRA LLC in order to obtain “Checkbook Control” over his retirement account. Scott had his IRA invested in a stock market, but he realized the timing and the opportunity in real estate market right now. Scott contacted Sense Financial requesting to set up Self-Directed IRA LLC (also known as Checkbook IRA) so that he could have complete control over his retirement account. He used his retirement funds to invest in Phoenix AZ market and now enjoying nice returns those rental properties are producing for his IRA.
A Self Directed IRA LLC from Sense Financial Services is a very cost effective and time efficient investment vehicle available to self-directed IRA investors.
This investment vehicle is a popular choice for gaining “checkbook control” of an IRA. Here’s how the process goes. First, an IRA is opened and funded at a custodian. A Special Purpose Limited Liability (LLC) company is then created. The account owner directs the custodian to fund the LLC, which is managed by the IRA account holder. As a result, you get a legal structure allowing you (the account holder) to make transactions at the LLC level without involving the custodian. The Self Directed IRA LLC method is used to cut down on any wasted time in signing contracts and checks. It also allows the IRA to not be subjected to transaction-based fees from the custodian.
Sense Financial is the leading provider of retirement accounts with “Checkbook Control”: Solo 401k and Self Directed IRA LLC. Over the years we assisted hundreds of clients obtain checkbook control over their retirement accounts while providing them the ability to invest in virtually any investment class, including real estate, private lending, mortgage notes and much more without the need for custodian approval!