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Updated over 6 years ago, 07/20/2018

User Stats

81
Posts
16
Votes
Matt B.
  • Greenville, SC
16
Votes |
81
Posts

Best way to set up duplex in SDIRA?

Matt B.
  • Greenville, SC
Posted
I have my SDIRA set up and funded Now i m looking for any & all advice about the buying process / liability issues / etc I have found a good deal on a duplex & i have enough funds in the account to buy it outright however ideally i would like to not be “cash poor” for lack of better word within this account. ( Ex: If i find a 200k property for 100k and it cash flows, and i have 100k in the IRA, i would like to cash flow it and sit on it for long term gains ) - is financing within an IRA allowable? - if you buy a property undervalue within the account can you leverage that property against future deals that i will find ? - if buying a duplex or multi family how do you protect your nest egg ? (Example - tenant A falls and sues & tries to take IRA holdings, unit B, etc ...) - if i buy a rental and following the rules of “arms length” ... how exactly do the tenants pay rent? Do they mail the funds directly to manager of Ira ? Can i collect rents under current IRS restrictions? Thanks for any & all info

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