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Updated over 1 year ago on . Most recent reply
Self Directed IRA
Any idea if you can use the self directed IRA as a percent equity in an investment and then have a different LLC get a loan to finance the property? Thanks!
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#1 New Member Introductions Contributor
- Solo 401k Expert
- Anaheim Hills, CA
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#1 New Member Introductions Contributor
- Solo 401k Expert
- Anaheim Hills, CA
@Anna Moldavsky, I still don't have a clear picture of the transaction...
Few things to keep in mind:
As a real estate agent you are considered to be self-employed, which makes you eligible for a truly self-directed Solo 401k plan. This is a superior option to a self-directed IRA.
When financing investment property inside of a retirement account - you are prohibited from providing a personal guarantee, the loan must be non-recourse.
It is possible to use your IRA/401k to invest in a deal with other partners, however it would be very difficult to finance, most lenders will not want to touch this.
Feel free to send me a direct message so we can arrange a phone call, this will help us avoid any confusion.
- Dmitriy Fomichenko
- (949) 228-9393
