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Thanks for the response, ST.

An IRA-LLC has a variety of names, but basically your custodian sets up a self-directed IRA that allows you to purchase non-traditional assets (real estate, notes, etc). They also set up an LLC, fund the LLC with the IRA (1-member LLC, member is the IRA), and then name you the manager of the LLC. The LLC funds (your IRA funds) are then put into the bank of your choosing for you to invest in and manage whatever assets you deem profitable. It's a little too convoluted for me, and I have a hard time accepting their arguments as to why it's legal.

With the flat fee arrangement at Equity Trust, there are no additional charges no matter how many properties I buy or sell over the course of a year. But if they are going to mess up calculations, it will not simplify my life!

The reason for not going with some of the more traditional IRA custodians is wanting to try out owning real estate in our IRA through a self-directed arrangement. There aren't a lot of providers, and at first glance the fees seem pretty high dollar-wise. However, when you compare the fees percentage-wise with most mutual funds, they are pretty comparable, maybe even a touch less.

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