Purchasing a property out of an IRA

[Mark C.]

Hi All,

I was trying to look at some tax strategies and was curious if anyone else knows if this is possible. I have rentals in my IRA. Is there lending institution that would allow me to put 20-25% down to buy the property out the IRA? I surmised there wouldn't be a tax event.

The bank replaces the cash value in the IRA and a note gets created outside like a private investment?

Anyone know of this or banks that would do it?