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Updated over 5 years ago on . Most recent reply

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10
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2
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William Simmons
  • Ocean Springs, MS
2
Votes |
10
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Do YOU need $25K for rehab costs or a down payment?

William Simmons
  • Ocean Springs, MS
Posted

I am looking to lend $25K out of my SD-IRA for an 11% return, with principal and interest payable back in one balloon payment up to 11 months later. We'll sign a promissory note and deed of trust for the property on which the funds will be used.

Offering

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User Stats

10
Posts
2
Votes
William Simmons
  • Ocean Springs, MS
2
Votes |
10
Posts
William Simmons
  • Ocean Springs, MS
Replied
Originally posted by @Jesus Lopez:

Would you be interested in partnering up with me for the Fayetteville North carolina area?

It depends on what you mean by partnering up. Due to limitations of Self-Directed IRA's, I am strictly looking to lend $25,000 for someone else to use on a property in which I do not have an ownership interest and receive $27,750 in return after that person closes on the property (for a flip or refi for a buy-and-hold) but in no case later than 11 months later.

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