The Checkbook IRA/LLC consists of a self-directed IRA and an LLC (with IRA provisions). IRA/LLCs, commonly referred to as a “checkbook control IRAs”, are used by many self-directed investors, particularly those doing rental real estate or short term-flips where an LLC business checking account and LLC asset protection benefit the IRA and the IRA owner. Learn the rules, restrictions and the documents involved when setting up a checkbook IRA/LLC (aka, checkbook control IRA). Mat walks you through the details in this video. Find out more on our site at
Mat’s company Directed IRA & Directed Trust Company can help you to take control of your retirement with a self-directed account. Directed IRA is #1 in customer service in the industry (google verified reviews), was founded and is managed by attorneys and CPAs, has conducted hundreds of millions in self-directed transactions, and is a licensed, audited, and regulated financial institution (not all our competitors are). We have a low annual fee of only $295 no matter the size of your account or the number of assets. Set-up your account today on-line or schedule a new account call to get your questions answered with one of our Senior SDIRA Managers.
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Mat Sorensen is the Founder and CEO of Directed IRA & Directed Trust Company, Partner of KKOS Lawyers, and expert on the forefront of the self-directed industry since 2006. He is a regular Contributor at Entrepreneur and wrote The Self-Directed IRA Handbook, an Amazon Best-Seller of over 25,000 copies, which is the most widely used book in the industry. As an attorney, Mat has advised thousands of clients and financial institutions on self-directed IRA and 401(k) rules since 2006. Mat earned his B.S. Economics with the University of Utah in 2001, and his J.D. with the University of Maryland School of Law in 2004. He has been published, referenced, cited or quoted by The Wall Street Journal, The Guardian, Forbes, Entrepreneur, and Yahoo Finance on self-directed IRA matters….(read more)
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Great Information.
Can I buy a retail store with SD IRA and also be the manager of the store?
If I did do the LLC and owned a property, and funded maintenance out of my personal checking account, could I THEN do the work myself? Could I re-paint myself? could I take the trash out myself? how would the IRS even enforce something like that?
Or is it simply limited to enforcing "you cannot pay yourself from the IRA/LLC do do labor?"
What is the limit to contributing to IRA? Real Estate is big numbers to do transactions. What to do in that case?
Great video. Can the Checkbook IRA fund, invest, or provide a loan to my S-Corp?
Why can't you do remodeling as long as you don't pay yourself for it?
can I stake cryptos in a roth llc?
Excellent Video, If I was to purchase multiple properties in multiple states where would you recommend the LLC be located? Let's say Idaho, Florida and TN would be the investment properties. I currently live in CA.
Great video. Concise and clear! What it comes to is if a person has "clear" ideas about the income opportunity (ROI) AND s/he has enough past experiences in that area AND understands the risks inside out then SDIRA / Checkbook IRA would work fantastically! For the most folks, though, they would be better off not touching their current IRA and just invest in SP500. SP500 on avg returns 10% a year. Unless your SDIRA's income opportunity can make more than that year in and year out, it can be quite a headache and flat out risky. For many folks including myself, Retirement Account is all we've got for our retirement. You buy rental properties and legal issues arise then.. you may lose a huge chunk of your retirement fund.
If the SDIRA is contribution limited, how do you get $40-$50k in it to transfer to the IRA/LLC for a down payment on an REI rental? Also, how do you get outside investor cash into the IRA/LLC?
Can the LLC be an international created on for purchasing international properties?
Can I own say only 19% of the LLC and not 100% ?
Thank You !!
Great video. To the point which I like. My question is this: how do I do a self-directed Ira LLC for cryptocurrency? Or to ask the question differently, how can I be the LLC manager and also be the custodian using cold storage?
Can I form an IRA/LLC and use the LLC as a consulting company? The consulting company will have revenues and expenses, are you saying in this way no taxes need to be reported for this LLC?
Thank you for the great info, but I do habe a question. What if my IRA LLC enter into a partnership with a regular person. The partnership (LLC) buy a property that need rehab. Would my partner able to work on the property?
Liked and Sub'd ! keep growing the channel bro!