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Updated over 1 year ago on . Most recent reply

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Michael Mahoney
  • Realtor
  • Los Angeles, CA
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Can I ever buy a property from my SDIRA?

Michael Mahoney
  • Realtor
  • Los Angeles, CA
Posted

I have a rental property that’s in my SDIRA that I would like to purchase from it to live in in my retirement.  Is there a way to do that?

If so, would the SDIRA be able to finance the transaction, in whole or in part, as “Seller Financing”?  

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Kristi K.
  • Homeowner
  • Austin
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Kristi K.
  • Homeowner
  • Austin
Replied
Quote from @Michael Mahoney:

If so, would the SDIRA be able to finance the transaction, in whole or in part, as “Seller Financing”?  

I know that you can do a distribution in kind from your SDIRA to yourself if you are over 59 1/2 and you would have to pay income tax on it just like any other distribution from an IRA but I don’t think you could do seller financing. I’m pretty sure that would be a prohibited transaction but you need to ask your custodian, they should be able to give you your answer. 

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