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Updated over 5 years ago,
SDIRA - Can I pay off the note with non-SDIRA funds?
I have a $50k balloon note at 5% interest in my Self Directed IRA. My property is barely cash-flowing and the note goes to 9% in December 2019. I need to keep the property because it is upside down (sidenote: thanks Growth Equity Group for your unethical business). I can't refinance it because of the value. I have funds outside of my SDIRA and I'd like to just pay the note so that it at least cash-flows. Is that legal? Any other ideas? I have another one up in December 2020 in the same situation...thanks!