using a HELOC and/or Self Directed IRA for a BRRRR

[Brian Ciaccia]

Hello all,

New to the site and the business, trying to gather as much information as I can. I am looking to get in to the RE game; I know it's not the best time give the climate but want to start as soon as possible if the opportunity presents itself. Is it possible I could use a HELOC taken out on my primary residence and use those funds along with funds from a self directed IRA for a down payment on a LTR property or to pay cash so I can BRRRR it? Please any and all advice is greatly appreciated!

[Zachary Inman]

Yes, it's possible! You can work with a custodian to use funds from your SDIRA towards an alternative investment, such as a BRRRR. This, supplemented by your HELOC, will give you plenty of dry powder to work with when acquiring the property.