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Updated almost 7 years ago on .
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Self directed IRA question
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.
Brandon
Columbia, South Carolina
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Dmitriy Fomichenko
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Tax & Financial Services
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Dmitriy Fomichenko
#1 New Member Introductions Contributor
Tax & Financial Services
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#1 New Member Introductions Contributor
- Solo 401k Expert
- Anaheim Hills, CA
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).
- Dmitriy Fomichenko
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