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Updated about 1 year ago on . Most recent reply

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Limor Hanannia
1
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11
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self-directed IRA loans

Limor Hanannia
Posted

Hello everyone, I'm curious if anyone has insights on where to find loans of this nature. I recently completed reading a book on flipping and attended the author's webinar yesterday. During the webinar, the author mentioned a specific type of loan that offers tax benefits or potentially exempts taxes when used for flipping purposes. While my explanation might not be entirely accurate, I'd greatly appreciate it if anyone could share information on this topic.

Thanks!

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16,434
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Ned Carey
  • Investor
  • Baltimore, MD
12,725
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16,434
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Ned Carey
  • Investor
  • Baltimore, MD
ModeratorReplied

@Limor Hanannia You need reread the book or watch the web and get clearer on what he or she was talking about.

They could have been talking about lending money or borrowing money. There is no tax on borrowing money, your IRA can borrow money but there IS a tax for that. Your IRA can loan money to others ( but not yourself) and there is no tax on the interest.

While you have gotten some good answers here, you have to be more specific about what you are asking.

  • Ned Carey
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