scheming concept for good deal

[scaredyclassic]

but what if you want to sell? You have to keep that mortgage in place, right, because the crux of the deal is that you have uniquely good financing. So you’d need to be able to make the mortgage assumable? How does that work in these situations? Seems complicated.

[CA renter]

[quote=clearfund]It is true you cannot use your IRA for ‘self dealing’. However, I doubt it would be noticed if I loaned you $500k at 2% from my IRA and you loaned me $500k from your IRA at 2% for our mortgages?

We buy land with clients in their IRAs (after converting to a self directed IRA) and make private 1st TD’s with their IRA/401k funds all the time and they love it.

They all get the added bonus of feeling like they are ‘sticking it to the man’ in addition to making an invesment outside of the control of the Wall St cartel.[/quote]

This was mentioned as a possibility (with the admonition to check for legality) by my friend. It might be worth looking into something like this.

[CA renter]

[quote=clearfund]It is true you cannot use your IRA for ‘self dealing’. However, I doubt it would be noticed if I loaned you $500k at 2% from my IRA and you loaned me $500k from your IRA at 2% for our mortgages?

We buy land with clients in their IRAs (after converting to a self directed IRA) and make private 1st TD’s with their IRA/401k funds all the time and they love it.

They all get the added bonus of feeling like they are ‘sticking it to the man’ in addition to making an invesment outside of the control of the Wall St cartel.[/quote]

This was mentioned as a possibility (with the admonition to check for legality) by my friend. It might be worth looking into something like this.

[CA renter]

[quote=clearfund]It is true you cannot use your IRA for ‘self dealing’. However, I doubt it would be noticed if I loaned you $500k at 2% from my IRA and you loaned me $500k from your IRA at 2% for our mortgages?

We buy land with clients in their IRAs (after converting to a self directed IRA) and make private 1st TD’s with their IRA/401k funds all the time and they love it.

They all get the added bonus of feeling like they are ‘sticking it to the man’ in addition to making an invesment outside of the control of the Wall St cartel.[/quote]

This was mentioned as a possibility (with the admonition to check for legality) by my friend. It might be worth looking into something like this.

[CA renter]

[quote=clearfund]It is true you cannot use your IRA for ‘self dealing’. However, I doubt it would be noticed if I loaned you $500k at 2% from my IRA and you loaned me $500k from your IRA at 2% for our mortgages?

We buy land with clients in their IRAs (after converting to a self directed IRA) and make private 1st TD’s with their IRA/401k funds all the time and they love it.

They all get the added bonus of feeling like they are ‘sticking it to the man’ in addition to making an invesment outside of the control of the Wall St cartel.[/quote]

This was mentioned as a possibility (with the admonition to check for legality) by my friend. It might be worth looking into something like this.

[CA renter]

[quote=clearfund]It is true you cannot use your IRA for ‘self dealing’. However, I doubt it would be noticed if I loaned you $500k at 2% from my IRA and you loaned me $500k from your IRA at 2% for our mortgages?

We buy land with clients in their IRAs (after converting to a self directed IRA) and make private 1st TD’s with their IRA/401k funds all the time and they love it.

They all get the added bonus of feeling like they are ‘sticking it to the man’ in addition to making an invesment outside of the control of the Wall St cartel.[/quote]

This was mentioned as a possibility (with the admonition to check for legality) by my friend. It might be worth looking into something like this.

[clearfund]

I too am unsure as to the technical aspects of this either, just seems to fit the macro rules.

I’ve done over 1,000 self directed IRA real estate/Trust Deed transactions for our clients and I don’t see any red flags.

I’ll ask our rep at a couple of the big IRA custodians we work with if this would be 1) legit if explained in detail to the IRS, and 2) if they would ever connect the dots on their own (considering the gov’s history of ‘connecting the dots’ it is unlikely).

I’ll post here if I get any solid info either way.

[clearfund]

I too am unsure as to the technical aspects of this either, just seems to fit the macro rules.

I’ve done over 1,000 self directed IRA real estate/Trust Deed transactions for our clients and I don’t see any red flags.

I’ll ask our rep at a couple of the big IRA custodians we work with if this would be 1) legit if explained in detail to the IRS, and 2) if they would ever connect the dots on their own (considering the gov’s history of ‘connecting the dots’ it is unlikely).

I’ll post here if I get any solid info either way.

[clearfund]

I too am unsure as to the technical aspects of this either, just seems to fit the macro rules.

I’ve done over 1,000 self directed IRA real estate/Trust Deed transactions for our clients and I don’t see any red flags.

I’ll ask our rep at a couple of the big IRA custodians we work with if this would be 1) legit if explained in detail to the IRS, and 2) if they would ever connect the dots on their own (considering the gov’s history of ‘connecting the dots’ it is unlikely).

I’ll post here if I get any solid info either way.

[clearfund]

I too am unsure as to the technical aspects of this either, just seems to fit the macro rules.

I’ve done over 1,000 self directed IRA real estate/Trust Deed transactions for our clients and I don’t see any red flags.

I’ll ask our rep at a couple of the big IRA custodians we work with if this would be 1) legit if explained in detail to the IRS, and 2) if they would ever connect the dots on their own (considering the gov’s history of ‘connecting the dots’ it is unlikely).

I’ll post here if I get any solid info either way.

[clearfund]

I too am unsure as to the technical aspects of this either, just seems to fit the macro rules.

I’ve done over 1,000 self directed IRA real estate/Trust Deed transactions for our clients and I don’t see any red flags.

I’ll ask our rep at a couple of the big IRA custodians we work with if this would be 1) legit if explained in detail to the IRS, and 2) if they would ever connect the dots on their own (considering the gov’s history of ‘connecting the dots’ it is unlikely).

I’ll post here if I get any solid info either way.

[scaredyclassic]

one can clearly borrow against 401k accts for a down payment; is this what you’re talking about with IRAs

[scaredyclassic]

one can clearly borrow against 401k accts for a down payment; is this what you’re talking about with IRAs

[scaredyclassic]

one can clearly borrow against 401k accts for a down payment; is this what you’re talking about with IRAs

[scaredyclassic]

one can clearly borrow against 401k accts for a down payment; is this what you’re talking about with IRAs

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