Self Directed IRA doing a mortgage note for a SFR purchase
I am buying a SFR as an investment property. It is out of state and will not be used in any way personally.
I have a Self Directed IRA and would like to start trying out Mortgage notes.
Is it OK or prohibited to do a first and only mortgage on this property with my Self directed IRA?
So far one Trust Company says no and one says yes. Help! experience?
Cheers,
Buddy