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Rehabbing & House Flipping

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Greg Wright
  • Investor
  • Wolcott, CT
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32
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Using a self directed IRA for rehab.

Greg Wright
  • Investor
  • Wolcott, CT
Posted Apr 19 2015, 16:10

Has any rehabber used a self directed IRA for rehabbing houses? How do you handle the profit. Does it have to go back into the IRA which would seem to defeat the purpose as you couldn't make any money to live off. If you keep the profit out does it get taxed at a higher rate than normal or is there a penalty? Thanks for any input.

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