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Updated almost 12 years ago,

User Stats

83
Posts
17
Votes
Erik Kubec
  • Real Estate Investor
  • Denver, CO
17
Votes |
83
Posts

Fund Home Depot account with Self Directed IRA funds?

Erik Kubec
  • Real Estate Investor
  • Denver, CO
Posted

Hey folks,

I have a SDIRA through Equity Trust Company. Just purchased a condo that need renovation.

I want to issue a single check from the SDIRA to Home Depot and then have my contractor or myself make purchases against that.

They told me they couldn't do this--that my only options were to apply for a credit

Any ideas on how to achieve the goal (writing one large check for $3000 and having the contractor make as yet unknown multiple purchases?)

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