Updated over 15 years ago on .
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Ira loan
Can I lend my Ira money and collect points and fees without violating IRS rules?
Can the points and fees go into the Ira?
If I can't do it personally, can my brother?
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- Mercer Island, WA
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#3 Real Estate Deal Analysis & Advice Contributor
- Rental Property Investor
- Mercer Island, WA
Again, always best to check with an attorney. If you're setting this up with Sterling Trust, Trust Etc, Guidant Financial or someone else they will provide some advice. Guidant includes several hours of time with a lawyer in their fees.
A word of warning if you're doing hard money loans. Hold back enough money in the IRA to deal with any repossessions. If you have to take back a house, you will need money in the IRA to take care of anything you must do to get it sold.