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Can I buy a rental property – and who gets the rental income?

April 26, 2017buy income Property rental

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Can I buy a rental property – and who gets the rental income?

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The rental income goes back into the IRA LLC and you retain the tax deferred or tax free status (in a Roth IRA) of the investment. What is “checkbook control?” You set up a bank account with the limited liability company as the legal entity. You are the manager of the LLC and you get a checkbook to make investment decisions. You control your future and what you want to invest in.