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Updated over 6 years ago on . Most recent reply presented by

User Stats

155
Posts
62
Votes
Bernie Huckestein
  • Rental Property Investor
  • Apopka, FL
62
Votes |
155
Posts

Deposits with SDIRA Own SFR

Bernie Huckestein
  • Rental Property Investor
  • Apopka, FL
Posted

I (or more accurately my SDIRA) purchased a SFR with the plan to fix and hold as an SDIRA asset. My question is about deposits for in this case electric. I could avoid having to put money on deposit to the utility company if I let them run my credit (meaning I would be personally responsible for the bill) -- I am okay with that as there is no danger of the bill not being paid by the SDIRA but wondering if this item would be a violation. I could have the SDIRA put the required monies on deposit but I would rather not.

Thanks, b

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