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Updated about 7 years ago,
Beginner SDIRA question
Hi All,
Very new to BP and this is my first post, I'm looking for some specific details on SDIRA. I have been reading and learnning quite a bit about the topic, most from BP forums. Ultimately, i believe the SDIRA LLC will be the best option for me, but for now here is my question.
Can I use my SDIRA for a downpayment? say 30% and private funding for the remainning?
If so, once i rehab and sell the property how much do i have to return to the SDIRA.
Here is a very basic example
Purchase price 100K
Funds from SDIRA 30K
Private Funds (Hard Money) 70K
Sale price 150K
Thank You all in advance!