Personal Loan for Self-Directed IRA OK?
Is it allowed by SDIRA rules to create a personal loan from an SDIRA to someone that doesn't involve the direct purchase of an asset? As in, could it just be a loan to a colleague or friend?
Thanks in advance
Is it allowed by SDIRA rules to create a personal loan from an SDIRA to someone that doesn't involve the direct purchase of an asset? As in, could it just be a loan to a colleague or friend?
Thanks in advance