Can I finance a property in my self directed IRA?

[Stephanie Gothart]

I want to convert my husband's Roth IRA to a self directed Roth IRA to buy properties with. He doesn't have quite enough to purchase a house yet. Is it possible to finance a property in a self directed IRA?

[Michael Plaks]

@Stephanie Gothart

Minor technical correction: you cannot convert your husband's IRA into anything, only he can. :)

Also, this is not a "conversion" - you only need to move the funds to a custodian who allows using their funds as self-directed.