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Updated over 3 years ago,

User Stats

17
Posts
4
Votes
Eric Eckman
  • Lyndhurst, OH
4
Votes |
17
Posts

Urgent Self Directed IRA Questions

Eric Eckman
  • Lyndhurst, OH
Posted

Just made an offer on a vacation rental property and plan on using Self Directed IRA to fund it. I have enough to pay the full value. Of course, I currently have the funds in a 401K. Quit my job today so won't get access to funds for a few weeks but will need to move fast. First question, can anyone recommend the quickest way to streamline this process? Also, my understanding is that since we'll be funding this from SDIRA, all the operating income and expenses will be coming in and out of the SDIRA account. Correct? Any other advice or gotchas to be aware of? THANKS in advance!!!

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