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Updated almost 3 years ago,
Self Directed Ira - Is a purchase of Travel Trailer allowed
If a person already has land/lot through the Traditional SDRIRA, would the purchase of a mini travel trailer for that lot be allowed under the SDRIRA? The intention is to rent the unit. In my area the growth and demand for a little land and fresh mountain clean air & water is exponential. I figure it may be worthwhile to get the monthly earnings back into the SDRIRA this way. The acquisition cost is fairly small, compared to the potential earnings. The reason I ask is that it is technically a recreational vehicle, however its going to be rented on a lease agreement for 6-12 month basis. Would that fall into a rental home category? or would that even matter.