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Updated over 10 years ago on .
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SDIRA Practical Tips
I just found out about SDIRA and am hoping I can benefit from this.
I was wondering if anyone has any practical tips around getting started and investing in real estate through the SDIRA.
Most of the custodians seem to be competitive when it comes to fees.
I am looking for:
1. Any preferred custodians and their benefits over others
2. Tips on owning property in an LLC
3. Lenders that would finance real estate for SDIRA
Any other practical advise or real world experience you can share so that I can do this right.
Thanks!
Most Popular Reply
How did you find out about SDIRA investing Pawan?
There are several considerations to take into account. Can you tell us more about your strategy and goals?
There are stuctures that use an LLC for checkbook control but an LLC is not required.
If you're self-employed without employees, you may also qualify for an Individual 401k plan.
There are several lenders that offer non-recourse loans. NASB is one of the largest national lenders but there are others. It's also common for small regional banks and credit unions to offer non-recourse financing options.