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Updated over 15 years ago on . Most recent reply

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885
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316
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Mark Yuschak
  • Residential Real Estate Broker
  • Grand Blanc, MI
316
Votes |
885
Posts

Self directed IRAs for funding

Mark Yuschak
  • Residential Real Estate Broker
  • Grand Blanc, MI
Posted

I have (what I consider) a good chunk of change sitting in a traditional IRA. I'd like to use that money to fund flips (in and out in less than 120 days) and/or use it for transactional funding.

The financial advisor who is my rep on the account says that it can't be used in a self directed manner for real estate investing. What I'm reading online contradicts that.

The account is doing quite well, so I'm not too eager to use the money for REI, but I'd like to have that option for when I come across stellar deals. That being said, how are you guys using SDIs to fund deals?

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