All Forum Posts by: Peter Peter

I haven't found an answer to this specific question on BP or elsewhere online: if I die, and my SDIRA that holds investment property goes to my adult child, what are his/her options?  The account has to be drained in 10 years right?  Assuming he/she does not sell the property at the end of 10 years, at that point will taxes be owed on the property's appraised value?

Are either of these scenarios considered prohibited transactions:

1) Purchasing a property with SDIRA funds plus my own cash.

2) Purchasing a property with SDIRA funds plus traditional bank financing, then using my own cash to pay down the financing. 

Thanks.

If actions by the tenant in a NNN lease leads to a contractor placing a mechanics lien on the property, and assuming the lease agreement does not specifically address this scenario, what options are available to the landlord to resolve this?

How about this: TX trust -> Wyoming LLC(with a professional registered agent).

Trust is generally preferred by lenders over LLCs.

If OP gets sued for personal reasons, the plaintiff would not be able to discover his property even if they searched every state.  I know nothing is 100%, but I believe this is as close as you can get?

I am a newbie, about to buy 2nd property; but still don't fully understand this.

Side note, how does the Corporate Transparency Act effect this?