Seeking a Lender Referral to Fund Fix/Flips Using my SDIRA
I'm seeking funding options to purchase fix/flip properties in the Cleveland / Cuyahoga Co. area through my self-directed IRA. This will be my 1st investment so understand I'll need a higher than normal down payment and am good with it. If possible, I'd like to include the rehab costs and monthly mortgage payments, but by no means is this a dealbreaker.
I'll have checkbook control of the SDIRA and would like to place my funds in a local bank that is investor friendly. If anyone has any recommendations for an area or national bank, I'd greatly appreciate reading your responses. My long term plan would be to also purchase buy and hold properties in this area and purchasing them outside my SDIRA. I'm thinking my best shot is getting in with a local bank that does this type of portfolio lending.
Thanks in advance for your responses. Much appreciated,
Mitch