Finding property before SDIRA is created

[Prashant P.]

I am in the process of creating a SDIRA with Equity Trust. At the current time, I am closing my old 401K and going to roll it over to Equity Trust.

The Equity Trust site states that it take 14-30 days to complete the process.

In the meantime, I have found a property that would be great for an SDIRA. It was renovated recently, in a good area and a foreclosure so I can get it for cheap.

Is there anyway to get this property under contract before the SDIRA is created. I would buy the property in the SDIRA. I am not looking to make any money off the transaction, just want to lockup the property.

I think it will take 14 days just to lockup the property due to negotiations and paperwork.

Thank you in advance for the advice.