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All Forum Posts by: Joddie Partch

Joddie Partch has started 1 posts and replied 4 times.

Would the new banking laws prohibit me from lending the money to him personally rather than through the retirement account?

If not, then should I have an attorney draft the Note & Deed of Trust or the title company?

Thank you everyone.  I will read the IRS code once again.

Thank you so much.

I am looking for a feedback on the potential investment that I would like to make with my self-directed retirement account. I have a client, a partnership, that I provide services to. They are looking to buy a commercial property and need a loan for 6-12 months. I can lend them the money out of my account. Would arrangement like this be considered a prohibited transaction for self-directed IRA since I'm providing accounting services to the partnership. I do not see any conflict of interest but wondering what more experienced investors think.