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Updated over 5 years ago on . Most recent reply

User Stats

88
Posts
44
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Dan K.
  • Investor
  • San Antonio, TX
44
Votes |
88
Posts

I want to lend money with my IRA: Where do you go?

Dan K.
  • Investor
  • San Antonio, TX
Posted

Has anyone done private lending on real estate deals on a short term basis?  If so where do you find credible burrowers? 

Most Popular Reply

User Stats

27
Posts
21
Votes
Tom Rolph
  • Real Estate Broker
  • Federal Way, WA
21
Votes |
27
Posts
Tom Rolph
  • Real Estate Broker
  • Federal Way, WA
Replied

Have you already set up a self-directed IRA or self-directed 401K? That is the first step in your journey. I have done a lot of private money lending and investing in RE via self-directed retirement funds. I have also borrowed a hefty sum of retirement funds from others over the years. If you have not set-up yet, the 401k is the way to go if you will every buy RE in your retirement account. It allows you to borrow money to make use of leverage in your retirement account without additional taxes. You Definatly need to be well educated in the self-directed world before moving forward.

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