Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 12 years ago on . Most recent reply

User Stats

3
Posts
0
Votes
Linda Daignault
  • Denver, CO
0
Votes |
3
Posts

Question regarding using a Real Estate Agent

Linda Daignault
  • Denver, CO
Posted

I understand that using a SDIRA account to purchase real estate means I can not live in the property, nor can an even remotely related relative, nor can a relative do any upkeep or repairs, but what about a family member being the realtor in the process of looking for and purchasing the property?

Most Popular Reply

User Stats

5,271
Posts
2,325
Votes
Steven Hamilton II
  • Accountant, Enrolled Agent
  • Grayslake, IL
2,325
Votes |
5,271
Posts
Steven Hamilton II
  • Accountant, Enrolled Agent
  • Grayslake, IL
Replied

Linda,

I'd they take a commission then yes they would be benefiting from your IRA. I will run it through my tax research team anyway as technically the commission is paid from seller, the IRS would say there would have been no transaction if the IRA wasn't involved.

-Steven

  • Steven Hamilton II
  • [email protected]
  • (224) 381-2660
  • Loading replies...