All Forum Posts by: Robyn Gersh
Robyn Gersh has started 15 posts and replied 47 times.
Post: Self Directed IRA’s - disqualified parties
- Flipper/Rehabber
- Boston, MA
- Posts 47
- Votes 7
Post: Self Directed IRA’s - disqualified parties
- Flipper/Rehabber
- Boston, MA
- Posts 47
- Votes 7
@Cathie Kovacs
It isn't a multi-member LLC.
I have been doing a lot of researching and and weighing out the pros/cons of each. I am leaning towards buying the property and taking a loan out after the fact. I am to far into the process to apply for a loan at this point.
Post: Self Directed IRA’s - disqualified parties
- Flipper/Rehabber
- Boston, MA
- Posts 47
- Votes 7
Post: Self Directed IRA’s - disqualified parties
- Flipper/Rehabber
- Boston, MA
- Posts 47
- Votes 7
Post: Self Directed IRA’s - disqualified parties
- Flipper/Rehabber
- Boston, MA
- Posts 47
- Votes 7
Post: Self Directed IRA’s - disqualified parties
- Flipper/Rehabber
- Boston, MA
- Posts 47
- Votes 7
@Brian Eastman thank you for your reply. How harsh are the penalties? The best way to do this transaction would be to buy the property and take out an equity line to do any renovations needed. Is it possible to use that equity line or refinance the property to purchase my next property to actually live in?
I read that a sister, aunt, uncle or cousins would not be disqualifing people to rent the property. That seems strange to me since they are close family. Even in that event why wouldn’t you be able to stay with family? TIA
Post: Self Directed IRA’s - disqualified parties
- Flipper/Rehabber
- Boston, MA
- Posts 47
- Votes 7