Self Directed IRA

[Bob McMonagle]

I am interested in possibly moving some of my ($100,000) (Currently Employed) 401K into a SDIRA so that I could have better access to the funds so I may use them to Rehab a couple of Properties.  I would most likely use a company that specializes in Real Estate/SDIRA to manage my SDIRA.  Quick question would be....

Am I permitted to use say up to $100,000 of my SDIRA and combine that with a Hard Money Lendor to Rehab a property?  If so, I would assume that the % of SDIRA used would be equivalent % to how much would be paid back to the SDIRA. Is this a viable strategy?  Has anyone been successful doing so?  Thanks.  Bob