Friday, May 20, 2011

What are the advantages of using a check book IRA LLC when investing my IRA in real estate?

What are the advantages of using a check book IRA LLC when investing my IRA in real estate?
You can only get true checkbook control with a check book IRA LLC. With self-directed custodian, you get more control than with a traditional custodian, but must get permission from the custodian for every little thing to do. This is problematic, unnecessary and annoying. Furthermore, any time sensitive investment it puts you in a huge obstacle. And what real estate deals are not time sensitive. If you do not move quickly, you will miss out on the best deals.

Think of tax liens, tax deeds and foreclosures sold on the courthouse steps, you need to have control checkbook or you can miss. Cheque book IRA LLC you have the checkbook, authority to write checks and can make an investment without time delay. This ensures that your IRA is able to make the best investments at the best prices.

Cheque book IRA LLC your IRA will be subject to fewer and lower prices than a custodian. Thus, there is more money for your retirement, which is the whole purpose of the IRA.

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