Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago,

User Stats

380
Posts
201
Votes
Chase Gochnauer
  • Investor
  • Des Moines, IA
201
Votes |
380
Posts

Family member/self directed IRA

Chase Gochnauer
  • Investor
  • Des Moines, IA
Posted
Hello My stepfather has interest in investing in an apartment building I'm purchasing via a second mortgage for a portion of the down payment for a fixed return. We determined that a self directed IRA was the best vehicle to accomplish this, but then I came across the 4975 rule that calls a lineal descendent a disqualified person. Is anyone aware of any way around this? Technically we are not blood related, but I would be a part of the estate one day since he is married to my mother which I think would classify me as a lineal descendent? My CPA is checking into this also but it's a bit uncommon of a situation. Thanks!

Loading replies...