Updated over 1 year ago on . Most recent reply
Self Directed Roth IRA for real estate investment
I want to purchase a turn key airbnb night next door to my other one. I have 127,000 in my self directed roth. Purchase price is 350,000. How do I go about using these funds towards the purchase price, that would leave 223,000. It seems you can't just do partial from your self directed, and then partial from my llc property business. Or can I?
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Dmitriy Fomichenko
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Dmitriy Fomichenko
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Tax & Financial Services
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You need a non-recourse loan (conventional is prohibited with IRAs). Here is a list of lenders who can help:
https://www.biggerpockets.com/blogs/2810/50272-list-of-non-r...