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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Wed, 27 Apr 2005 19:54:01 GMT
/ Author of the message: "David Jensen" |
Title of the message: |
Roth IRA LLC - Please tell me about your personal experience with them or what you know about them.
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Text of the message: |
Can anyone here share their experience with setting up a Roth IRA corporation (LLC probably) so as to invest in assets such as real estate. I desire to purchase raw land, build on it, and then sell it, all within the Roth IRA corporation. I know that there are certain no-nos, such as not personally benefiting from the property and not financing anything, because of UBIT issues, but it still seems like there are some real advantages to it, especially if one is real estate and construction savvy. Can anyone here speak to the practical realities of such an arrangement, both the pros and the cons. I'm interested in all you have to say, whether it be tax related, legal related, practical application of such an arrangement etc. I'm also looking for companies that will allow me to set this up and give me checkbook control over the LLC. I intend to do everything above board, but I think that having a company that handles every |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.