All Forum Posts by: Penny D.

The SD IRA company that I'm working with is Equity Trust. They have been very helpful.

Equity Trust does not charge for check writing...in fact, they will handle all the transactions associated with your account.

We do not have enough to buy an investment on our own...that is where the complications come in. The easiest method is to loan to someone for puchasing property...you can not loan to yourself, up and down line of relation or business partners.

Dan,

Yes...please. I would love to talk to someone that is using their SD IRA.

THANK YOU!

Thank you for all the great feedback and tips.

It looks like what I need at this point is an elephant!

I'm trying to put together my first deal using our Self Directed IRA.

Our problem is we have no money for investing except what is in our SD IRA. I'm trying to find a way to use the SD IRA and be involved in a deal to receive part of the profits...we need to build up cash outside the SD IRA for future purchases. Is there a way to do this?

First, I get a loan and use the SD IRA for the down payment and fix. Won't work because the banks do not do non-recourse loans so the SD IRA requirements are not met.

Second, I understand that I can loan the money to anybody as long as they are non-disqualified (not a spouse, up line or down line)...using a promisary note. But how do I get a share of the profits?

Third, I also understand that I can loan the SD IRA to a business I'm affiliated with as long as it is 49% or less ownership...and the partner has to be a non-qualified individual and the managing member in the LLC. The SD IRA can NOT be used as collateral.

I feel like the stick man hitting his head on the wall over and over.

If anyone has information regarding investing with the SD IRA...I would greatly appreciate your input.

thx!