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Updated about 6 years ago, 10/22/2018

User Stats

83
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51
Votes
Mark Burlison
51
Votes |
83
Posts

Self directed llc down payment

Mark Burlison
Posted

Have a down payment for my first property in a 401k. My accountant mentioned self directed ira llc's. He really didn't know much...but had heard of them. Trying to sort through the info...I am over 59 1/2. Asked a company today that sets these up and they said I could use one for my down payment, then finance my purchase. So how would that work with my down payment ONLY coming from a self directed IRA LLC. Am I still restricted by all the rules of a self directed IRA????? Some even question the legality of this maneuver with the IRS. Thanks for any input.

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