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 4 years ago,

User Stats

34
Posts
6
Votes
Sayli Mulay
  • Rental Property Investor
  • Hayward, CA
6
Votes |
34
Posts

Self Directed IRA to buy and hold rental

Sayli Mulay
  • Rental Property Investor
  • Hayward, CA
Posted

I am planning to open a Self Directed IRA and rollover funds from an old 401K account. I want to buy and hold single family rental. However, the account doesn't have enough funds to buy the property in full. The funds are sufficient for down payment + closing cost + repairs + reserve.

So I (my IRA) may have to take out a non-recourse loan, but interest rates on non-recourse loans are ridiculously high and plus other drawbacks like UBIT tax etc.

Any suggestions on better ways to use that old 401K ?

Loading replies...