Can I BRRRR with a self directed IRA?

[Charlie Shew]

I have been trying to learn more about the self-directed IRA because my potential investment money is currently setting in a traditional IRA. I find the BRRRR method most appealing. Would I be able to purchase a home, rehab it and refinance all inside of a self-directed IRA?

I have read a few free books on kindle about the IRA, most are sales pitches for the IRA company. One sounded very appealing but wondering if it sounds too good to be true. They said you can set up an LLC and invest in the LLC, not the rental. This would allow me to remove a lump sum from the IRA (one transaction fee) and transfer into my LLC to spend without needing the IRA company to write the checks.

My disclaimer! I am not looking for a loophole to spend my IRA on other things, I do not want to get into a gray area that could cause me more grief than it's work.

Thanks for any advice,

Charlie

Been listening to the BP Podcast started at Number 1 currently at show 170! Great information!