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Updated over 6 years ago,

User Stats

1,942
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423
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Daria B.
  • Rental Property Investor
  • Gainesville, FL
423
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1,942
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SDIRA 4 rental purchase - expenses may put a drain account

Daria B.
  • Rental Property Investor
  • Gainesville, FL
Posted

Hi

I posted earlier on the use of the SDIRA with regard to UBIT and received some very good answers that I could then go off in a direction to learn  more.

Upon looking over this venture and reading other peoples similar deals, it dawned on me that the SDIRA may not be the best use for rental property. 

Expense payments need to come from somewhere and if it's not the rental proceeds then the SDIRA could in fact be tapped for the additional expenses. I don't want that kind of carte blanche on my account.

Somehow out-of-pocket (which cannot be done in the case of using SDIRA owning the rental) would be a better fit instead of depleting a retirement account that has taken years to build up.

I am now wondering if this is the best investment venture and use of the SDIRA money.

Who else has used there SDIRA for rental property?

Pros/cons I should be aware of besides having to use additional SDIRA money for upkeep of the property (by the way has already been rehabbed but still there could be something in need of funds).

Thanks

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