First IRA LLC Property

[Jeremy Paschedag]

My IRA LLC was finally able to close on a duplex. All of the lenders for non-recourse loans either wouldn't lend on the property or their terms were not favorable for me. So I bought the property in cash. WOW what a great closing experience that was. I saved money in closing costs and it only took about 15 mins. Haha, the walk thru took longer than the closing.

My next step will be to see if my LLC can get a loan for another property using the first as collateral, or try to get a HELOC.