Looking to wholesale in my Self directed IRA LLC

[Tina Swanson]

I am looking into possibly getting into wholesaling empty townhome lots in St Cloud, FL with my SD IRA LLC. Has anyone had any experience with this? Has it triggered UBIT ( Unrelated Business Income Tax) for you? Did you have to apply for any permits to do this? Any insight would be greatly appreciated! Thank you so much in advance!

[Brett Synicky]

Quote from @Tina Swanson:

I am looking into possibly getting into wholesaling empty townhome lots in St Cloud, FL with my SD IRA LLC. Has anyone had any experience with this? Has it triggered UBIT ( Unrelated Business Income Tax) for you? Did you have to apply for any permits to do this? Any insight would be greatly appreciated! Thank you so much in advance!

 Check with your CPA but wholesaling is not a passive activity and therefore is almost certainly going to trigger UBIT. There are different schools of thought about what services a disqualified party can provide pre-acquisition and post acquisition. If you could figure out a way to wholesale using 3rd party individuals that would probably be best.