The main reason I use my sdira is so im forced to reinvest the funds.

My main goal is protection from lawsuits regarding my property.

The alternative is to use hard money, that mainly relies on the project.

That would be my main concern here...not whether you can get 4.25 instead of 4.375 (although you should shop around to other lenders unless you have some loyalty to this one for some reason).One thing to consider, it's the beginning of the year, so you'll likely have to pay the entire years worth of taxes now...this could be a good chunk of money.

But my main reason for posting this is because I want to know if what I have in mind is a good idea.

i am prospecting a 110 unit storage facility here in Maine.

find the top 4-5 offices in your area, call and ask for broker or office manager and see if they can recommend an agent in their office that deals with mainly investors.

The IRR is an annual return which is comprised of the annual cash flows (9-10% per year) plus two equity components, debt pay-down and appreciation.

Jamie,you have some details correct and some mixed up a bit - let me help.There are 4 components to a property - let us use a single family home as an example.There is the house - bricks and sticks.There is the deed - who owns the propertyThere is usually a note and mortgage - the Note is the promise, the Mortgage Secures the promiseThere is occupancy.Most people think these are all in the same and sometimes they are - in our instance, they are not. 123 Main St is the physical address.

I have chosen to use other means of financing for this deal, mainly because - for me - there are too many unknowns and I do not invest in what I do not understand.