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Updated over 10 years ago, 07/15/2014
Trading sweat equity in SD IRA
I'm pretty sure I know the answer to this, but maybe not.
I have 2 rent houses in a SDIRA. I have someone whom I've been paying $25 do go over and do minor things like change the air filter, unclog a toilet, etc, since I'm not allowed to do this myself.
I know someone else locally who's in the same boat. We have the same genre of rentals. Would it be permissible for he and I to work on each other's properties for free for these minor things? e.g. he changes my air filters every three months, and I change his every three months. When my renter calls with a clogged bathtub, I call him, and vice-versa.