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Updated about 6 years ago,
Transfer of property from LLC to SD IRA
So finally, after much needless delay and procrastination, I have submitted the docs required to move some leftover shrapnel from other funds to a SD IRA here in Houston. Won't be a ton of cash, but might be enough to do something small, using HM or maybe a subject to deal.
Now I have an LLC, and the LLC is paying for a bit of marketing expenses related to attracting sellers -- direct mail, FB ads, phones/internet, etc. Everybody gets that. Let's figure that, on average, it costs about $5,000 to buy a house.
Now imagine that I am a wholesaler (I am not, or at least that is not my objective). If I get a deal, I could assign it to one of my BP buddies for an assignment fee. I get how this works.
But my question is, can I wholesale this to myself, or rather can my LLC assign a contract my SD IRA? That would allow me to recoop a bit of my valid expenses in the LLC.
The concern here is that this would somehow mix up my post tax money with my pre-tax IRA and thus land me in hot water.