Using self-directed IRA to purchase buy and hold properties

[Ryann Kluthe]

I would like to learn more about the use of an IRA for the purchase of buy and hold properties. Are these properties held in an LLC that your own or in your personal name? Can you use these funds for any property, whether it be single family or multi unit/conversion, or does it need to be an approved property? My cash flow from this property would go back into the IRA correct? If we need any repairs or updates would those come from the IRA? How does this work if I use funds from my IRA for a down payment and take out an a loan for the rest? Would my mortgage payment come out of the IRA? How does that work when it comes time to taxes and write offs?

Out of curiosity, what did you pay to set up your self-directed IRA and how much do you pay annually?