Posted by Shaun on January 22, 2001 at 16:02:30:
Thanks Ed. As long as the IRA is self directed I don’t think there is any difference in the way you use it to fund any deal, whether it is a Roth or not? I was thinking in the area of using the IRA or my Corp to fund a mortgage for the balance of the purchase price after the full 1031 funds are used for the down payment. That way either the IRA or the Corp only has control of the mortgage. I keep control of the new investment property as is normal under a 1031 transaction. I can do that and create the mortgage from the IRA or my Corp immediately and not have to wait to go thru the qualification process with a commercial mortgage. Does this sound reasonable?