Ocean Springs, MS · Member since 2018 · 10 posts · 2 votes
I am looking to lend $25K out of my SD-IRA for an 11% return, with principal and interest payable back in one balloon payment up to 11 months later. We'll sign a promissory note and deed of trust for the property on which the funds will be used.
Would you be interested in partnering up with me for the Fayetteville North carolina area?
It depends on what you mean by partnering up. Due to limitations of Self-Directed IRA's, I am strictly looking to lend $25,000 for someone else to use on a property in which I do not have an ownership interest and receive $27,750 in return after that person closes on the property (for a flip or refi for a buy-and-hold) but in no case later than 11 months later.