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Updated almost 8 years ago,
"Pooling" funds to purchase/invest in a property?
Hi colleagues,
I have a SD-IRA with less than $2,500.00 in it. I started the account last year with a custodian out of Texas, and really haven't done anything with it yet. I would really like to start using it to my advantage. I know that whatever comes out of the IRA in an investment, must go back in after the exit strategy is exercised.
My question is, is it possible (or even a good idea) to "pool" that money with other funds such as private lending, HELOC, partnering, etc to leverage the purchase?
Any thoughts, advice or suggestions are welcome. I appreciate your insight in advance.
Best,
Lyle