Buying Rental Props with Self Directed IRA
Greetings BPers!
I would like to learn how to purchase a rental property through my self directed IRA. I have an account through Equity Trust. I have enough in my SD IRA to make the down payment of 25%, but how do you get a loan through the IRA? No bank would make a loan in the name of the IRA entity I would think. I can qualify personally, for the loan, but I am not sure if a bank would make a loan to me, on a property that is owned by my IRA? If anyone has any experience in this please reply here
Thanks!