SD-IRA to find multi family

[Simon C.]

Has anyone used a self directed ira to invest in apartments? Is it true that you cant be the GP If you use a SD-IRA to invest??

[Michael Le]

Originally posted by @Simon C.:

Has anyone used a self directed ira to invest in apartments? Is it true that you cant be the GP If you use a SD-IRA to invest??

That is correct. That's called self-dealing. Additionally, it has to be an arms length transaction and disqualifies your SD-IRA from investing with anyone in your direct vertical relationship - up or down. Up to your parents, grandparent, great-grandparents. Down to your children (and their spouse) and grandchildren, etc.