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Updated over 5 years ago,

User Stats

11
Posts
4
Votes
Bryan Scrivener
  • Kansas City, MO
4
Votes |
11
Posts

How are you SD-IRA guys handling mortgage payments?

Bryan Scrivener
  • Kansas City, MO
Posted

I'm closing on my first property in a couple of weeks and sorting out options for making the payments on a non-recourse loan. I was hoping the property manager would handle that before sending any profits back to the IRA but that is not a service they typically offer.

If I have to direct the custodian to pay it every month that will get very expensive fee-wise, not to mention be a pain in the rear. I know forming an LLC so I can do it myself is an option, but that too will add some expense.

I'm curious how people typically handle this?

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