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Updated about 10 years ago,
Self-Directed Loan Legalities
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?