Friday, March 20, 2009

Is It Possible To Invest Tax Free?

There is a unique investment vehicle increasing in popularity during the economic turmoil in todays climate. It is called a Self Directed IRA LLC with checkbook control. you can use it to purchase real estate and other non-traditional IRA investments such as mortgages and trust deeds, tax liens, business opportunities, Forex and more.

The steps required to set up your own Self Directed IRA LLC are :
1. Form a Limited Liability Company (LLC).
2. Prepare an Operating Agreement that meets the specific requirements for a Self Directed IRA LLC.
3. Open a self directed IRA account with, or existing account to an IRA Custodian that permits self directed investments.
4. Fund transfer your Self Directed IRA account.
5. The Self Directed IRA account then invests in the LLC.
6. Find a suitable investment vehicle.
7. The LLC makes the investment selected.

By using this simple method your Self Directed IRA LLC can invest in real estate and other investments without the red tape and administrative fees normally involved when using your IRA to directly make an investment.

By using the LLC to make the investment, you will have check book control of your investments. When you have an investment you want to purchase all you need to do is to write a check from your LLC to purchase the investment product in the LLC's name. There are no approvals necessary from your custodian. There is no time delay awaiting approval from your custodian.

The most important step and the key ingredient is to have a properly prepared Self Directed IRA LLC Operating Agreement that meets the specific requirements for a Self Directed IRA.In order to benefit from this strategy you need to locate an independent IRA Custodian that permits self-directed IRA investments. For more information on how to set up your own Self Directed IRA Call: 800 936-0872 9am-6pm EST.

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