Select Living Magazine Issue II | Page 55

- INDUSTRY NEWS - contractors who submit invoices for your review which you submit to the custodian for payment at your direction. An often asked question is if you are able to work on the property yourself. The short answer is no. One drawback of using the custodian to provide payments to vendors and contractors is that the custodian will charge fees. There will also be delays in payments. A way to avoid this and have more control is to create a LLC which your self-directed IRA can be a member of. In fact, it is possible to have multiple self-directed IRA’s be a member of a single LLC which POLYCO T