How ti buy RE at County Auction with Self Directed IRA

[Jim Goebel]

I'm wondering if anyone is aware of service providers, and also, how this would work:

We have our eyes on some auction properties (IE: county auction) - we have funds within a self directed IRA custodial account, and we also have funds outside of this available for these purchases. The rub/trick/challenge with buying these properties through our custodian is the time requirements to get funds to the auction (this is a sherriff's auction) - as they have compliance requirements that eat up some time for review, and I don't think the 3 hours to get funds will work.

I don't think we can buy the asset ourselves with our own funds, and then transfer over, because it would look like a contribution; I'm not 100% sure on this though.

For us, we could guarantee the purchase outside the IRA in the event it didn't get through the custodian's compliance review. If we're bidding on the house, we'd happily have it under the IRA, or outside of it.

We've done one 1031 exchange, and I'm wondering if any niche market/service providers can offer services somewhat like this?  I know we've gotten funds from our 1031 provider to buy an auction property.

Any perspective here would be appreciated.  New to this but would love to figure out a way.  Where there's a will there's a way, I've heard!  Might be an opportunity for someone with the right skill-set and aptitude.