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Updated over 5 years ago,
Asset-based $250k loan secured by IRA? From where?
A CPA I just spoke to suggested that before pursuing the more creative options I contacted him about I should see if I could locate an asset-based loan secured by my recently inherited IRA, which has $100k more in it than I need to payoff a hard money loan I want to payoff, asap. I emailed both the credit union/lender who holds the 1st mortgage and HELOC and the bank where the IRA is currently located. They both said they can't help. Is this something that can, in fact, be done, and if so, where do I go to find it?
Thanks!