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Tax, SDIRAs & Cost Segregation
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Updated over 2 years ago on . Most recent reply
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Self Directed IRA Recommendations
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!
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You cannot do business with your father's SDIRA, you are a disqualified person.