Self Directed IRA and uses of an existing IRA

[James Chuisano]

I am looking for alternative ways to fund property purchases and trying to find out more about using an IRA to either fund a project (more as the lender), or buying flipping and selling and third would be a buy and hold rental...read some stuff and seems the buying and flipping is a allowable...and would think purchasing a multi-unit is allowable...not sure i understand how the income would work...and haven't been able to find anything on using as a lender and paying interest to the IRA for use of money and the profits to go into my LLC...any help or directions would be great.

James Chuisano

[Jared Lopez]

Thanks for the kind words Alberto.

Alberto Artasanchez said:

I am not an accountant so check with yours. You can buy a multi-unit inside of a self-directed IRA as long as you don't manage the property or live in the property. Give a call to the folks at:

http://nextgenerationtrust.com/

a call. Ask for Jared Lopez. He is also a member of tristate mixer.

[Jared Lopez]

James,

 

I would be glad to help you out. My company handles self-directed IRA, and I would be able to give you the steps once you find a direction you are looking to take in terms of investment. Please e-mail me at [e-mail] or call 973-533-1880. You may also message me on the site. I will reach out to you via private message.

 

-Jared

[Alberto Artasanchez]

I am not an accountant so check with yours. You can buy a multi-unit inside of a self-directed IRA as long as you don't manage the property or live in the property. Give a call to the folks at:

http://nextgenerationtrust.com/

a call. Ask for Jared Lopez. He is also a member of tristate mixer.