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Updated over 8 years ago,
Self Directed IRA
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