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Updated about 8 years ago, 12/06/2016

User Stats

174
Posts
50
Votes
Jim Workman
  • Investor
  • La Crescenta, CA
50
Votes |
174
Posts

Anyone doing rehab lending with American Estate (uDirect)?

Jim Workman
  • Investor
  • La Crescenta, CA
Posted

I am lending on a rehab through my IRA. I want to release the funds in multiple draws based on progress of the project. My contact at uDirect does not know how I can accomplish this. He wants to release all of the funds on the promissory note up front.

Is anyone doing something similar with American Trust or any other non-checkbook IRA account? I would like to get an example or two to run by them.

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