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Updated almost 4 years ago on .
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Is it Legal to Wholesale in your SDIRA?
Would it be acceptable to wholesale a deal with my IRA? Could I write the name of my IRA into the wholesale contract as the Buyer and issue earnest money from my IRA? I would like the proceeds to go into my IRA and not to me personally for tax reasons. If the title company issues a 1099 to the IRS would that cause any problems?
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I don't get it. The purpose of wholesaling is to contract to buy the property, assign it or resell it to a third party. This requires no investment from your SDIRA. Unless you are attempting to buy the property with your SDIRA and then resell the property which is no different than flipping a property through your SDIRA.
Please explain the process you have in mind.