Notes

Personal Car Versus Vehicle Service
Joe then arranged to have a note and mortgage turn out to be drawn up and sentenced to Joyce together with the contract draft. She approved the documents, so Joe directed his Entrust Self-Directed IRA administrator to sign the documents. Any local title company handled the closing. Joe's IRA paid the $40,000 in cash and borrowed the remainder from Joyce through owner financing. Joe's IRA, NOT Joe, was the borrower, and Joe realized that his IRA must lead to the loan commission. Joe knew however, that a number of the outstanding loans owned by his IRA would be maturing soon and ought to able to simply make the payment plus pay for that repairs he was arranging through an area contractor.



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