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Updated over 8 years ago, 04/24/2016

User Stats

120
Posts
51
Votes
Mimi H.
  • Investor
  • Mountain View, CA
51
Votes |
120
Posts

Self Directed IRAs + Non-recourse

Mimi H.
  • Investor
  • Mountain View, CA
Posted

I'm starting to think more broadly about how to structure different "buckets", one of which is an IRA. I'm potentially interested in rolling an existing IRA into a self directed IRA to purchase a multifamily with the self directed IRA. The funds that I'll have available will not be sufficient to make the purchase and I've read a bit of the following:

  • purchases of this sort usually requires ~40% down
  • might be "easier" to go with private lenders than non-recourse mortgages
  • non-recourse mortgages are a niche item and difficult to secure for a small time investor such as myself

Some of the top line questions that I have:

  • how does one find non-recourse mortgage lenders? I've done a google search but I'm in the I don't know what I don't know stage so it looks a bit confusing. I don't know the difference between one or the other. 
  • If I make the purchase within an IRA, can I presume that the proceeds go back into the IRA tax deferred?
  • Has anyone done this "successfully" however you'd like to define that (and would like to share?)

Would appreciate any insight on this matter. I'd like to repeat, I am NOT interested in taking funds OUT of my IRA, I wish to purchase within my IRA.

Thank you! :)

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