Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated almost 9 years ago on .
Most recent reply
presented by
Withdrawing money from SEP IRA to real estate investment
Hello BP Community!
Can somebody please educate me on this topic below? Your help will be greatly appreciated.
Can I withdraw money from my IRA account for a rental property? If so, what are the requirements for it? My main question is if the withdrawal of money is property specific? If I have a contract for a good investment property with a wholesaler (and not the direct seller), would that be considered by IRA?
And how many days do I have to return those funds back to IRA if I am not able to close the deal on property? If it is too late to return the money, can I use it for investment in another property to avoid penalty?
Please advise. Thanks a lot