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Patrick Lloyd
  • Rental Property Investor
  • Chicago, IL
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17
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Can I use my SDIRA as the hard money lender for BRRRR investing?

Patrick Lloyd
  • Rental Property Investor
  • Chicago, IL
Posted Jan 11 2020, 05:13

So I was originally planning on using my SDIRA independently of my savings for investing in real estate. Basically treating them as two different companies. I have heard you can partner with yourself when using SDIRAs but have to be very careful about it and keep detailed records. My question is specifically with flips or BRRRR method can I buy a property with my SDIRA as the money lender and then do the rehab with personal money then if I flip it pay myself back plus interest on the SDIRA side and keep the rest outside of the fund. Or in the case of the BRRR the cash flow would not go the SDIRA. Effectively using my SDIRA as the lender. Any insights would be greatly appreciated!

Cheers,

Patrick lloyd

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