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Updated almost 2 years ago on . Most recent reply

User Stats

23
Posts
20
Votes
Ashwin Abichandani
  • Real Estate Agent
  • Chicago
20
Votes |
23
Posts

SDIRA - Structuring a 2-4 MFH unit buy-and-hold Deal

Ashwin Abichandani
  • Real Estate Agent
  • Chicago
Posted

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

  • Ashwin Abichandani
  • Loading replies...