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Kelley B.
  • Real Estate Investor
  • Mesa, AZ
24
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Eviction for a home held under a SDIRA

Kelley B.
  • Real Estate Investor
  • Mesa, AZ
Posted

How does an eviction work if you hold a rental home under a SDIRA?

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Brian Eastman
  • Self Directed IRA & 401k Advisor
  • Wenatchee, WA
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Brian Eastman
  • Self Directed IRA & 401k Advisor
  • Wenatchee, WA
Replied

@Kelley B. 

The eviction will work pretty much just like any other, according to state and local law.

Is the IRA holding the property directly via the custodian, or via an IRA LLC?

Either way, the IRA is the property owner/landlord.

You should hire an attorney to execute the procedure. If you were to do this yourself, you run the risk of being viewed as adding value to the IRA through the provision of services. While it is OK for you in some senses to administer the investments of the IRA, an eviction process is an additional level of involvement and time that should be hired out.

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