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Updated about 5 years ago,
SDIRA - Buy Property back that was quitclaimed
My sis and I inherited a piece of property from our parents which was bought by our mom many years ago. We had to go through probate on this raw land and soon we will have title but I will be quit claiming my interest to my sister. Can I buy the property from my sis with my SDIRA? She needs the money now and needs to sell but the property looks like it’s in an potential high growth area. I don’t believe my sister is a disqualified person? However I will hold title very briefly from probate (my sis paid all property taxes for several years and during probate) before I quitclaim to her...
Any ideas if and how I can purchase through SDIRA?
Thanks everyone!