Using Self-Directed IRA to fund "Subject to" deal

[Sandy Sawyer]

Hi guys,

I'm poised and ready with checkbook in hand to fund my first self-directed investment. I need 2 things, the confidence that performing a sub-to deal is within the boundaries of an IRA, and also need a contract with the verbiage (I'm in Texas). Anybody that can help me? (Oh, and need to find a deal, but I'm a Realtor and not afraid to knock on a few doors and in the Harvey aftermath)

Thanks for any advice!

Sandy

[Carl Fischer]

@Sandy Sawyer

You may have UBIT/UDFI but so what it means you are making a good return on your money. If you don't make enough $$$$ or property is used as government housing are 2 reasons you won't pay UDFI. Everybody makes a big deal about UBIT UDFI but complete IRS form 990T and collect the rent. It's not that hard.