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Updated over 7 years ago,

User Stats

81
Posts
16
Votes
Matt B.
  • Greenville, SC
16
Votes |
81
Posts

Need Advice - Best way to purchase Duplex via IRA?

Matt B.
  • Greenville, SC
Posted
So I have set up an IRA for RE Investing. I now have the opportunity to buy a duplex. It will be under market value, need about 20k in repairs, and will be cash positive What is the best way to structure this? I am looking for advice on the best way to structure the purchase and the insurance, while protecting my assets within the ira. Ideally I would like to explore the different cash vs financing options that would be available (I am new to IRA investing). Would an LLC within the IRA be overkill? Would a land trust help with shifting funds for purchasing? My attorney who set up my IRA is referring me to a CPA to help but I would really like to hear how others have gone about this. Thanks!

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