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Updated over 11 years ago, 08/15/2013
SDIRAs and Partnering with Self or Others?
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