Bought with my Self Directed IRA - how do I pull the equity out to buy more?

[Paula Reavlin]

Hi - I was wondering how one pulls equity from a property purchased with a Self DIrected IRA - It's in a LLC. I paid all cash for the property. I would love to hear from you all. Thanks!

[Dmitriy Fomichenko]

Paula,

Unfortunately, Jason is incorrect; The "Delayed Financing" loan will not work with a self-directed IRA. Per IRS rules, the account owner (you) may not guarantee the loan for the IRA-owned property, so the loan must be non-recourse. There are only a handful of lenders who offer such financing; I assembled the list here:

https://www.biggerpockets.com/member-blogs/2810/50272-list-o...

I hope this helps!