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Updated about 1 month ago on . Most recent reply
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How do closing agents fund private money deals?
In my search for private money , I have heard there people use SDIRAs to fund real estate investments and be in the first position.
I wanted to know what are the pros and cons of using SDIRAs for fund Real estate?
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Quote from @Otis Clayton:
In my search for private money , I have heard there people use SDIRAs to fund real estate investments and be in the first position.
I wanted to know what are the pros and cons of using SDIRAs for fund Real estate?
If you’re just looking for money to fund deals and you’re thinking the source could be IRA money then it shouldn’t make too much a difference to you whether the investor uses their personal funds or IRA funds. Only caution is if they don’t have checkbook control and there’s a time crunch going through the custodian can cause delays and red tape to deal with.