Prohibited transactions is a chief topic when exploring self-directed IRA & Solo 401(k) investing. When a person first discovers that his retirement accounts have been chained to Wall Street brokerages without necessity, his mind starts to imagine the possibilities. Real Estate? Yes. Private … [Read more...] about Getting Around Prohibited Transactions
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Book Announcement: UNLIMITED INVESTING
In case you haven't heard through the grapevine, my new book, UNLIMITED INVESTING With a Self-Directed IRA LLC or Solo 401(k): Break Free From Wall Street To Build Real Wealth With Alternative Investments, will be available soon. I've joined … [Read more...] about Book Announcement: UNLIMITED INVESTING
Is my home an investment?
Recently I received a question from somebody looking into self-directed IRA/401(k) investment for themselves. They said, "I ran this by my financial planner in New York who said to roll over my IRA to put some of its money into my home is illegal." This statement is technically correct. Putting IRA … [Read more...] about Is my home an investment?
How to profit from real estate investments in a soft and declining real estate market – Part 2
This is the Part 2 of series of posts on this topic. In order for this to make sense, please go back and read Part 1 first. Real Investors have the following in common: Buying single assets. What is happening to an entire market is less important than what is happening to the actual assets that … [Read more...] about How to profit from real estate investments in a soft and declining real estate market – Part 2
Where to form your LLC for virtual or foreign business activities
When you form an LLC (or Corporation), it is registered and created at the state level. You can choose to form an LLC in any state, regardless of your state of residency. Nexus When you have business activity that clearly occurs in a specific state, you are said to have "nexus" in that state. If … [Read more...] about Where to form your LLC for virtual or foreign business activities
Entity (LLC) Maintenance – Keeping your Corporation or LLC Legitimate
****** A note from Jeff Nabers ****** I asked attorney Dan Marsh to shed a bit of light on entity maintenance and its importance. With a general purpose LLC, failing to properly maintain the entity can result in "piercing the veil" which means subjecting creditors to assets of the LLC owner(s). … [Read more...] about Entity (LLC) Maintenance – Keeping your Corporation or LLC Legitimate
Asset Protection: Multiple LLCs
LLC stands for limited liability company, and that is the primary purpose for forming such a legal entity. When you enter into a business transaction as an individual (aka sole proprietor), if somebody decides to sue you, all of your personal assets can be subjected to satisfying the law suit. The … [Read more...] about Asset Protection: Multiple LLCs
What's so special about the IRA LLC?
Ahhh... the single most mis-answered question in the self directed IRA world: Customer: I've noticed it costs more to setup an IRA LLC than it does a general purpose LLC. What's so special about the IRA LLC? LLC Facilitator: The Operating Agreement has special language. Putting together an IRA LLC … [Read more...] about What's so special about the IRA LLC?