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Updated almost 4 years ago,
Pay Off Properties in an SDIRA.... Right?
Re: Pay off vs. Don't Pay off your property - I have several properties in my Self Directed IRA (SDIRA) LLC, my retirement fund. Some of them are on conventional 30-year mortgages. I don't take any personal tax benefit from owning those properties, like writing off the mortgage loan interest on my personal tax return. Therefore, it makes sense to just focus hard on paying off those properties as quickly as possible, right?
Conversely, I can see the argument for maintaining some mortgage balance on your property as long as the numbers work and cashflow is strong in the direction of my goals. Am I missing something? Thx for helping out!