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Updated almost 3 years ago,

User Stats

14
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0
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Stephen Craul
  • Rental Property Investor
  • Colorado
0
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14
Posts

SDIRA LLC 30 year fixed mortgage

Stephen Craul
  • Rental Property Investor
  • Colorado
Posted

Rental property in Tucson purchased with SDIRA in 2019 using LLC. Non recourse loan 10 year fixed balloon with NASB bank at 6% interest rate. Used NASB as they specialize in IRA loans.

Currently under contract to buy rental property in my name 30 year fixed and loan processing agent recommended refinancing the NASB loan to a 4% 30 year fixed for monthly payment mid three hundreds down fro mid 600 hundreds for PITI.

Tools him didn’t think this was allowed but he said I personally would be guaranteeing the loan but check with accountant etc.

Anyone knowledgeable on this?

Thanks

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