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Updated over 13 years ago,

User Stats

49
Posts
7
Votes
Tom Hamilton
  • Real Estate Investor
7
Votes |
49
Posts

Another SD IRA question... sorry.

Tom Hamilton
  • Real Estate Investor
Posted

Hi. Haven't been here in a while, love the site. I've been buying a few properties since the 2008 crash and am very happy with what I own. Mostly smallish condo's on the Gulf that can be rented either weekly, monthly, yearly or daily. I'm doing yearly leases right now until the short-term (vacation) rental market recovers a bit more. They are quite profitable as is and the market is picking up ever so slightly in the buildings I own in.

Anyhow, I want a few more but now I want to purchase in my IRA account. I read a lot here and elsewhere about this but have not done it yet. I'd rather use leverage but I don't know the rules on this (mortgare with IRA ???). I have a few questions maybe some of the experienced SD IRA folks could answer?

1. I'm looking to buy maybe 1-3 more units, $75-$100k range each - so not alot of buys/sells. Is there a SD IRA provider that might be good for this lower level of transactions? I'd be depositing the rental checks back into the IRA, of course.

2. What methods are available to leverage the IRA money - not pay full cash? Can I get a mortgae somehow? Secured by other IRA investments maybe (non-RE)? This would be long-term financing, I'm renting the units and have no plans for a fast flip. I could just use IRA cash I guess - rather that than very high rate financing, but just wondering what others have found.

Thanks for any help on this.

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