Self Directed IRA
Can you do a self-directed IRA using money you already have in an IRA invested in mutual funds? Can you take that money and invest it in real estate you already own or do you have to purchase property?
Can you do a self-directed IRA using money you already have in an IRA invested in mutual funds? Can you take that money and invest it in real estate you already own or do you have to purchase property?
Permalink Submitted by Alan - IRA critic on Fri, 2019-02-15 23:20
Your self directed IRA must purchase the property. The mutual funds would have to be sold to raise the funds for the purchase. Your IRA cannot purchase the property from yourself.