BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 5 years ago,
Investing through self directed IRA
Hi
I have some funds in my self directed Roth IRA . I am not sure if I pull funds from my account try to do a BRRRR strategy using Roth IRA funds . Is it permissible ?
I plan to pay the self directed account loan once the property is refinanced ? Is it allowed to use Roth IRA funds to build your property portfolio and keep the title in my name once we pay back the IRA loan ?
For example buy property X all cash using IRA funds and fund all cash rehab using IRA funds ? Get it refinanced to pull out the money and pay the IRA note . I keep the title in my name or my LLC name after the refinance and continue doing that to build my rental portfolio ? Is this transaction allowed by IRA or is there a better way to do BRRRR using IRA funds ? Please advise