Are there advantages to using a Self-Directed IRA LLC when investing in real estate?
Yes. You have total control over the finances of the IRA and this gives you far more freedom to make decisions quickly. A self-directed custodian requires you to get permission for just about everything you do. This can be a problem with a time sensitive investment like real estate, where a few minutes can make or break the deal. With a Self-Directed IRA LLC you have the checkbook and the ability to make the investment immediately, without someone else’s permission. An IRA with an LLC is also subject to lower and fewer fees than a one without it. The LLC also gives you the ability to advertise for renters, pay real estate bills, deposit rent checks, etc. This freedom helps you keep money in your IRA and make your retirement that much more comfortable.
