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If I make a loan through my SDIRA to an LLC for a fix and flip, can I also make a loan to the same LLC using my private funds? Or is that not allowed? The LLC would manage the whole rehab. I would have no involvement ...
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If a bank approves someone for a home loan at 80% LTV, could I give them a 2nd mortgage for the other 20%? would that get them approved?
Or do they have to have 20% in cash to make up the difference?
Thanks,
Richard
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I recently discovered that I can take out a "loan" from my 401k at my day job at the Prime rate (currently around 3.25%). This seems like a good way to get access to some cash to put 20-25% down along with a conventio...
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