Moving Property from LLC to SDIRA

[Prashant P.]

I was researching SDIRA and came up with the following scenario. Just wondering if anyone has done it before or has expierence in a SDIRA.

My LLC buys a property for $20K fixes it up and now has a ARV of $40,000. I am the only member of my LLC (100% ownership).

Now can I buy the same property from my LLC using my SDIRA?

The reason behind my thinking is that I paid all cash for the property and repairs. I have my money sitting around in a IRA. If I buy the house from my LCC using a SDIRA, I will 1.) free up cash to buy and fip a house and 2.) make income collecting rent in my SIRA