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Updated almost 2 years ago,
SDIRA - Structuring a 2-4 MFH unit buy-and-hold Deal
Hello BP,
Background: I currently have a W2 job and looking to change the job. What I found so far is that after I change my Job, I can convert my existing 401k and ROTH IRA to SDIRA account for real estate investing.
Next Steps: I am currently looking for my first 2-4 MFH units ( not owner-occupied) investment property as buy-and-hold. So let's say I find an undervalued currently rented property that may need some cosmetic repair such as new paint, upgrading appliances, and fixtures.
So I will need funds for the Purchase price + rehab cost.
Ask: I am struggling to understand how can I use SDIRA for investments which could be under my name or my LLC.
What are my options or ways to structure the finance for this deal using SDIRA as a down payment?
Can I combine SDIRA for a down payment with HML, PML, or any bank?
What Legal or IRS rules to be aware of to avoid issues?
Thanks in Advance