All Forum Posts by: Michael Curcio

I guess we are all on the same page. She has a self-directed IRA. We ARE going to live in the home in South Carolina. The IRA is actually a self-directed ROTH IRA. I am of the understanding that we can purchase property, and the growth, and the

My fiancee and I are purchasing a house in South Carolina. We have about $350 in equity. I am trying to find out how to use the equity, as security against the new purchase. I have 4 other properties, but just a little cash right now. I have an existing $146K loan. I am trying to keep the CA homes as a rental. Originally, I was hoping to cash out the CA property, but the rent makes holding it pretty desirable. I have access to another 200K in an IRA, but don't want to take the tax hit.