Holding Leveraged RE in a Self-Directed IRA - Posted by PeterN

Posted by Tes (Calif) on May 07, 2003 at 14:41:53:

Mid-Ohio and other self-directed IRA holders allow real estate holdings. There are some draw backs - 100% holding (no leverage), no depreciation, must pay tax on full market value when sell (per Sandy Botkin). An alternative? Buy an option to purchase, using SDIRA, then sell it to another of your entities for higher price.

Holding Leveraged RE in a Self-Directed IRA - Posted by PeterN

Posted by PeterN on April 21, 2003 at 18:57:50:

My self-directed IRA is Sterling Trust, based out of Texas. They will begin holding debt-financed real estate effective May 1, 2003. Prior to this time, they required any real estate be wholly-owned by the IRA account or held as an undivided interest in conjunction with other owners.

Any debt-financed property must utilize a non-recourse promissory note. This ensures that the lender holds the real estate as security for the debt and has no recourse to other asseste that may be held in the IRA account.The note should reflect the borrower’s name as XYZ Company Custodian FBO (Account holder’s name and IRA Account #). There also is a $150/yr. debt-financed real property holding fee.

Was there a new law passed allowing this? Will lenders really want to get involved with leveraged RE without a personal guarantee? Please advise, I want to learn from Ed Garcia and the group.

Re: Holding Leveraged RE in a Self-Directed IRA - Posted by Nev Bentley

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Re: Holding Leveraged RE in a Self-Directed IRA - Posted by R Tuite

Posted by R Tuite on April 24, 2003 at 19:17:46:


I would like to make some REI’s, but my assets are the equity in my home and a Self-Directed IRA which was a
rollover from my 18 year corporate career. I have always been under the impression that I would have to
withdraw funds from my IRA which would have negative tax implications. I still work and am 10 to 12 years from retirement. Your message intrigued me. Only a month ago I had a Fidelity rep tell me there was no way
to hold property in my IRA, let alone property with a loan. Can this be done? Thanks, RT.