Can you buy from your SDIRA

[Chris Seveney]

I am fully aware that you cannot sell a property you own to your SDIRA, but on the flip side can you buy from your SDIRA. Below is an example: Let's say I acquire a property for $100k using my SDIRA funds and spend $25k renovating it (thus all in $125k). The ARV is $175k. Could I legally sell it to my self for $175k (with the $50k minus closing costs going into the SDIRA) I would then finance it at 80% (put 35k down) and use it as a rental property Reason why I thought of this is I have purchased properties, fixed them up and had to wait six months for seasoning (since I do not have 10 properties I am still using conventional financing through my credit union) In this instance I do not have to wait the six months I can refinance immediately. Downside is I am putting $ into the deals when a typical BRRR you are not at the end of the day (if done correctly) but this also allows the SDIRA to ramp up quickly