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Updated over 6 years ago,

User Stats

347
Posts
94
Votes
Chris C.
  • Raleigh, NC
94
Votes |
347
Posts

Not enough money in self directed IRA

Chris C.
  • Raleigh, NC
Posted

I understand that you can use a self directed IRA to buy a property (either in full or as the down payment). But say you use it all as the down payment, then you suddenly have a 10k repair that you need (roof broke, hot water heater failed, and HVAC broke all at the same time). Its my understanding that since the property is owned by the IRA, all profits have to go into your IRA. But if you don't have enough to cover expenses, can you fund the expenses from non-IRA accounts?

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