
EP 4 - How to use an IRA/LLC or Checkbook IRA
Directed IRA Podcast
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Is Your Iray Asset Protection?
If you're texin into driving and kill someone, they cannot touch what your i r a, owns. Just because it's an iray doesn't give you cart blanche to be an idiot. So that's where the llc comes in, and you get that asset protection of being the manager. Don't let someone talk you out of an lc, because you got aset protection anyway. It's common for crypto clients, even a lot of clients, to hard money lending on short term loans. They want to work the deals faster. Or maybe they're doing non performing notes, and they want to collect on am easier using an l c and being the man er.
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