Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can my CHECKBOOK CONTROL IRA LLC make loans to a Real Estate developer?

April 26, 2017checkbook CONTROL Developer IRA LLC Loans Real Estate

0

Posted

Can my CHECKBOOK CONTROL IRA LLC make loans to a Real Estate developer?

1 Answer

0

Posted

Yes. Your IRA can loan money to a Real Estate developer to finance the purchase of property or the development of property. Developers often look for private financing so it is a great way to get your IRA involved in Real Estate development. And because developers often pay an above market interest rate, the loan can be a great investment for your IRA.