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Updated about 6 years ago on . Most recent reply
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Self directed IRA question
My business partner and I have an LLC that we use to acquire buy and hold RE and do some flips. We are equal partners.
He has a ton of cash in his IRA. If he converts this to a self directed IRA can he fund out deals with the IRA or is that a disallowed circumstance. I know there are restrictions.
Please advise on how this would or could work.
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I think I got the answer from your website, Dmitry. Good stuff here:
https://www.sensefinancial.com/solo401k/solo-401k-prohibited-transactions/