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Updated over 8 years ago,

User Stats

27
Posts
4
Votes
Michael Hable
  • Real Estate Investor
  • Naperville, IL
4
Votes |
27
Posts

Self Directed IRA

Michael Hable
  • Real Estate Investor
  • Naperville, IL
Posted

Hello everyone!

I'm interested and have been reading about SDIRA and had some questions I was hoping to get answered.

(1) Once the money is transferred to a custodian and a property is found all profits go back into the SDIRA. Is it not until 59 1/2 like a traditional or Roth IRA that you cannot withdraw?

(2) Say I had $100K that I transfer into a SDIRA, but I need more money to purchase a commercial or apartment complex. Can I take out an additional loan in conjunction with a SDIRA?

(3) I realize there are fees with having a SDIRA. What is typical breakdown of fees?

(4) If you have worked with a SDIRA, how has your experience been? Would you do it again and any regrets?

Thank you all in advance for reading my post and answering my questions.

All the best,

Mike

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