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Updated over 6 years ago,
Partner with you SDIRA multifamily buy and hold questions
Questions about partnering with your own SDIRA...let's say 50% inside SDIRA and 50% outside SDIRA. Let's also say together we purchase a multifamily @ $1,000,000 I understand the prohibited parties issue.
1) If we (myself and the SDIRA) were going to put 20% down...does that have to be in equal amounts meaning 10% from me and 10% from SDIRA and everything is split 50 / 50 or can you still have normal deal partnership flexibility...so something like the SDIRA puts in the entire 20%, owns 50% of the property but gets a "preferred return", etc.
2) Perhaps the bigger question is financing, I know there is SDIRA financing that is non recourse but that is typically for 50% LTC. Is there a way -- as in this case, where I can get a mortgage for the 80% in my own name and the non recourse part for the SDIRA is that I am personally on the hook for the funds and not the IRA hence non-recourse
Thanks, b