Partially Financing Property with Self-Directed

[Account Closed]

I have a self directed that I can purchase real estate within. Can partially finance a piece of real estate that I want to purchase with the self directed? I have enough in the plan to purchase the property straight out but would like to pay only about 50% of the total cost now.

[Kent R.]

The answer @Dmitriy Fomichenko gave you is spot on @Account Closed. Additionally any repairs that need to be made will have to be paid out of your self-directed IRA in proportion with the percentage split of the property that your self-directed IRA owns, so make sure you have a reserve amount available (if you pay for any repairs "out of pocket" this can jeopardize the status of your IRA.)