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Updated over 11 years ago, 08/15/2013

User Stats

1,409
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856
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Daniel Dietz
Pro Member
  • Rental Property Investor
  • Reedsburg, WI
856
Votes |
1,409
Posts

SDIRAs and Partnering with Self or Others?

Daniel Dietz
Pro Member
  • Rental Property Investor
  • Reedsburg, WI
Posted

Hello,
I have a BUNCH of questions about SDIRAs! I will put them under a couple different titles to keep things easier and clearer within the threads.

I have acquired the right to but a great older immaculately maintained duplex only a few minutes from my house. I am leaning heavily towards purchasing it within a SDIRA that I am going to be setting up this week. My other thoughts are to finance it conventionally outside the SDIRA, or possibly doing it on a land contract (the owners are thinking that over right now).

Questions are;

1) With these thoughts in mind, what are all of your thoughts on 'Partnering' on this (and likely other future projects) with either *myself* (outside of the SDIRA) say 50% SDIRA and 50% personal funds, or other people? IF with others, and done from the start, can those others be 'disqualified' persons such as father or child? I have read conflicting things about 'partnering with yourself' and am looking for some clarification on this.

2)If purchased solely with my SDIRA funds, can I sell a % interest (say 50%) to a non disqualified person in the future? I am assume IF that can happen, those funds would return to my SDIRA to be used on future purchases.

Thanks,

Dan Dietz

  • Daniel Dietz
  • [email protected]
  • 608-524-4899
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