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Updated over 2 years ago on . Most recent reply presented by

User Stats

10
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1
Votes
Kyle Simmons
  • Rental Property Investor
  • Pittsburgh, PA
1
Votes |
10
Posts

Self Directed IRA Recommendations

Kyle Simmons
  • Rental Property Investor
  • Pittsburgh, PA
Posted

I have completed several BRRR's and flips recently and my father is recently retired. He is allotting about $300-400k in a self-directed IRA to lend for my LLC's real estate transactions. I have had a couple recommendations on companies/custodians for this type of account but I'm not super confident in the recommendations. I'm looking for recommendations of where he can park the money and most likely these will be long term lending plans to subisidize his other retirement. Going to lend 125-150K per property and set up on a 20-25 year note for repayment. Thanks in advance!

  • Kyle Simmons
  • Most Popular Reply

    User Stats

    5,037
    Posts
    4,678
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    Taylor L.
    • Rental Property Investor
    • RVA
    4,678
    Votes |
    5,037
    Posts
    Taylor L.
    • Rental Property Investor
    • RVA
    Replied

    You cannot do business with your father's SDIRA, you are a disqualified person.

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