Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 12 years ago,

User Stats

3
Posts
0
Votes
C M.
  • Silver Spring, MD
0
Votes |
3
Posts

Making loans in SDIRA/IRA LLC

C M.
  • Silver Spring, MD
Posted

So my long term girlfried (we live together, have two properties together) and I are looking at using her IRA $ to purchase control of another property.
We are thinking of moving the money to either a SDIRA or an IRA LLC. The IRA or LLC then creates a loan to my LLC for the purchase. My LLC is in my name only.
The house would then be rented.
Would this be prohibited?
I am reading and reading, trying to make sure we aren't way off.
I know if her IRA owns the house outright she can't do any sweat equity, etc.
If her IRA/LLC owns only the note, can she be involved in the management of the rental at all (off paper) or would it be best that she never even walk in the house?
Thougts?

Thanks in Advance

Loading replies...