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Updated about 10 years ago,

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2
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0
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Adam Johnson
  • Macomb, MI
0
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2
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Self-Directed Loan Legalities

Adam Johnson
  • Macomb, MI
Posted

A friend of mine and I plan on rolling over old 401k's into self-directed IRA's.

We then plan to loan each other money, and use that money to flip houses.

So, I loan 80k to him, he loans 80k to me....we have 160k to buy and fix a house. Is this fair game, or are we missing something important here?

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