Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 6 years ago, 10/22/2018
Self directed llc down payment
Have a down payment for my first property in a 401k. My accountant mentioned self directed ira llc's. He really didn't know much...but had heard of them. Trying to sort through the info...I am over 59 1/2. Asked a company today that sets these up and they said I could use one for my down payment, then finance my purchase. So how would that work with my down payment ONLY coming from a self directed IRA LLC. Am I still restricted by all the rules of a self directed IRA????? Some even question the legality of this maneuver with the IRS. Thanks for any input.