All Forum Posts by: Jerry Chilimidos

Interesting. I am self employed but have 6 employees so i went the SEP IRA route to defer some of the income tax. If you make decent income the deferred income can be substancial but you have to do something with those funds; As a part time real estate investor that's where the SDIRA comes in handy. I was just looking to turbo charge that a bit because as we know property values have gone up and buy and hold in a SDIRA just moves to slow even if you can max your SEP. Thank you all for your input.

@Dmitriy Fomichenko

Interesting.  I looked up the tax.  Seems like 21% or more as a ball park!

I guess the different strategies FOR ME would be.

A- Find a lender that would actually do the refi and pay the tax.

B- Sell a property and use those funds to lend as they would go back to the IRA.

C- Sell stock within the IRA to lend out and pay back.

D- Portion the cash in the IRA with other owners cash or partner with someone and apportion it back to the IRA when the deal is complete.

All this is obviously hinged on a flawless transaction. 
 

Hello all, I have a SDIRA with some cash, 2 paid off properties and a stock portfolio in the SDIRAs name.  I was thinking about leveraging those assets as collateral and doing some hard money lending.  Is that a thing?  I have done hard money lending using my own money which has worked out well.  Has anyone else done that and also what lenders did you use.  Thank you in advance for your help. 

JC