Delayed Financing w/SDIRA

[Victoria Dransoff]

Good Afternoon, I am in the process of purchasing a duplex with my Self-Directed IRA. It is a cash purchase so I am wondering if it's possible to do delayed financing after the close and pull my money back out (but still in my SDIRA) and put it toward the purchase of another property held in my SDIRA. Has anyone ever done this before? Thanks in advance!

[Carl Fischer]

@Victoria Dransoff

Yes you can do a refinance as long as it is non recourse.  the next property you buy with the money is the property with the potential UBIT/UDFI tax return.