Ran Out of Investment Cash - Going for the Retirement Accts

[Michael Campbell]

Hey guys! I've got a question.. I'm into a handful of SFR rentals and no longer have cash free for further downs. I partner with my brother and in order to maximize the number of mortgages, we alternate on who takes out the mortgage. Anyway, I need to withdraw half a down from my SDIRA to season in his account and my fidelity rep is making this sound way to easy. He's basically telling me once the account is active, I can do whatever I wish with it as long as I stick to the rules and my CPA can account it all. And there are no fees!

Now anytime I've looked into this before it's always seemed much more complicated. For instance, the custodian reviews and approves, holds title, etc etc.

What do you guys think? Is this a good route to take? My thought is that I only have two options left, this, or take the tax/penalty hit.

[Kirk Chisholm]

without rules we wouldn't have attorneys, bankers or politicians... then where would be be :)