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Updated almost 7 years ago on . Most recent reply

Jim Williams's profile image
Jim Williams's profile image
Jim Williams
  • from los angeles, CA
  • Member since Jan 10, 2008
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Jim Williams's profile image
Jim Williams's profile image
Jim Williams
  • from los angeles, CA
  • Member since Jan 10, 2008
Connect
Jim Williams
  • los angeles, CA
1
Votes |
87
Posts
Buying & Selling Real Estate

1031 Exchanging Question

Jim Williams
  • los angeles, CA
Posted

If my self-directed ira contributes 45% cash to buy a 3 unit property, and i contribute 20% cash, plus a mortgage in my name for my remaining 35%(title states IRA 45% undivided interest, me 55% undivided interest), does the loan need to be non-recourse? Can i use one of the units?

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