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Updated about 7 years ago,

User Stats

43
Posts
19
Votes
Marcony Simoes
  • Investor
  • Fairfield, CT
19
Votes |
43
Posts

Beginner SDIRA question

Marcony Simoes
  • Investor
  • Fairfield, CT
Posted

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!

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