Jack, resident of Los Angeles county in Southern California contacted us for assistance in setting up Retirement Account with Checkbook Control. He moved his existing IRA from Fidelity into his newly established Self Directed IRA LLC real estate (also known as Checkbook IRA). He now has a checkbook control over his account. Jack purchased 3 investment properties in his retirement account and now enjoying a cash flow of approximately $1,300 per month that is going into his IRA tax deferred. Congratulations Jack!
A Self Directed IRA LLC real estate from Sense Financial Services is a very cost effective and time efficient investment vehicle available to self-directed IRA investors.
Self Directed IRA LLC Real Estate Investing
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, and 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, and 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!