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Updated almost 11 years ago on . Most recent reply

User Stats

66
Posts
10
Votes
Brian R.
  • Real Estate Investor
  • Dublin, OH
10
Votes |
66
Posts

Self directed Ira and LLC partly owned by family

Brian R.
  • Real Estate Investor
  • Dublin, OH
Posted
My wife's parents and I have a real estate investing LLC. The parents are the majority owners. My dad is trying to convert his IRA to self directed. He wants to loan money to our LLC for flip deals. What are the things we need to be thinking about? Can he just loan the money for us to use? Does he have to be in the deed for each deal? Whose names does the property go in? Can he just be a lien holder? Thanks Brian

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