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Updated over 7 years ago,
Property Purchase with SDIRA Involvement
I'd appreciate any wisdom you experienced SDIRA posters can share on this specific situation:
My deceased mother's trust includes a commercial property worth ~$1.5mm. The beneficiaries of the trust are my two siblings and myself. They want the cash, I want the property.
The trust doesn't contain sufficient assets to allow me to take the building as my share. I don't have sufficient cash to purchase their $1mm share outright. I do have ~$500k in a traditional IRA I could rollover to an SDIRA and use - regulations permitting. That would still leave a $500k gap.
Can the SDIRA ($500k) invest beside my inherited share ($500k)? Could I fund the remaining $500k with a bank loan (assuming a bank was willing)? Would that trigger UBIT?
Thanks for your insights.
Charles