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Updated almost 7 years ago on . Most recent reply presented by

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1,145
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Mark Sewell
  • Investor
  • Houston, TX
871
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1,145
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Transfer of property from LLC to SD IRA

Mark Sewell
  • Investor
  • Houston, TX
Posted

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.

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