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Updated almost 7 years ago,

User Stats

102
Posts
10
Votes
Jeremy Karja
  • Rental Property Investor
  • Elk River, MN
10
Votes |
102
Posts

Should I use my IRA for flip and Appraisers and insurance reps MN

Jeremy Karja
  • Rental Property Investor
  • Elk River, MN
Posted

I am using a HELOC and possibly my IRA to fund my first FLIP. My question is would I have to pro rate the amount I used in my IRA out of the profits and stick it back in my IRA or how does that work with flips and splitting the money. I work with IRAs everyday but not when it comes to real estate. If the IRA is going to limit the income I can take from the gains then I would rather use hard money for the remaining balance.

Also, any recommendations for the state of Minnesota for Insurance reps and appraisers?

Thanks BP.

Jeremy

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