Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 12 years ago on . Most recent reply presented by

User Stats

283
Posts
81
Votes
Prashant P.
  • Real Estate Investor
  • Philadelphia, PA
81
Votes |
283
Posts

Finding property before SDIRA is created

Prashant P.
  • Real Estate Investor
  • Philadelphia, PA
Posted

I am in the process of creating a SDIRA with Equity Trust. At the current time, I am closing my old 401K and going to roll it over to Equity Trust.

The Equity Trust site states that it take 14-30 days to complete the process.

In the meantime, I have found a property that would be great for an SDIRA. It was renovated recently, in a good area and a foreclosure so I can get it for cheap.

Is there anyway to get this property under contract before the SDIRA is created. I would buy the property in the SDIRA. I am not looking to make any money off the transaction, just want to lockup the property.

I think it will take 14 days just to lockup the property due to negotiations and paperwork.

Thank you in advance for the advice.

Loading replies...