Here are some examples of partnering an IRA: Combine your IRA with other people’s IRA funds to make larger investments. Each IRA receives an undivided interest in the asset. Combine your IRA with other people’s non-IRA money to acquire the investment that you want.
You can hold leveraged property in your self- directed IRA.
The loan will be non-recourse to you as an individual since the IRA is the actual owner of the loan and property.
Partner with multiple IRAs and multiple personal funds.
An IRA can own interest in Limited Liability Companies or be beneficiaries of Land Trusts. TheEntrustGroup.com for more information or call me to review your options.
The FHA 203k Loan is a Renovation Mortgage
The FHA 203k Loan is a type of renovation mortgage, insured by the FHA, that allows you to purchase distressed, sometimes otherwise uninhabitable properties, and wrap all the costs of the renovation into the mortgage, so you pay NOTHING out of pocket besides the initial down payment of 3.5%. A “live-in flip” just means that you buy an undervalued distressed house, renovate it, and capitalize on all of the value you build in the form of equity, and use that equity to buy even more real estate, building your portfolio. By living in the property, you can take advantage of the incredible owner-occupied financing options: low down payments, low interest rates. These are things that you would NEVER be able to achieve simply by not occupying the property.
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