Investor · Blythewood, SC · Member since 2016 · 7 posts · 3 votes
Hi, I have a retired account through my last job (full time REI now) and want to transition the funds into a rental property. Can I use the funds in a self directed IRA to buy a property from an LLC that I own?
The funds and the property value are very closely aligned and we thought it was a great fit for our needs.
you absolutely can not do that, your LLC is considered disqualified and not allowed to enter into any transaction with your IRA. Your self-directed IRA can invest in a property, just can't buy it from yourself (or any entity that you own).
you absolutely can not do that, your LLC is considered disqualified and not allowed to enter into any transaction with your IRA. Your self-directed IRA can invest in a property, just can't buy it from yourself (or any entity that you own).