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Results (9,300+)
Fred Canzano Self Directed IRA is hard to find!!!!!
4 May 2018 | 19 replies
Knowledge, you want a custodian that knows what they are doing and can help explain the rules and prohibited transactions to you
Lauren Rose "Title issues" on an REO
22 February 2018 | 16 replies
If the property does not sell, then it will be transferred to VA/HUD and become a VA property or a HUD homeA title issue could have prohibited the transfer from Chase collecting on the insurance and transferring to HUD/VA as they both get title insurance on the transfer
Quincy P. What arethe financial requirements to purchase 15+ unit building?
20 March 2018 | 15 replies
Also be careful about using your IRA as the Downpayment as that may be a prohibited transaction for your IRA.
Keenen Cobb First Time Investor looking into getting my feet wet?
10 March 2018 | 7 replies
Pros,  MLS access, networking, save on commissions,Cons  Expensive (around 2.5K for me in Chattanooga), slightly less freedom in deal making because of required disclosures and prohibition on talking to represented parties.  
Rick Shurtz 2 flat / 3 flat in Chicago
10 January 2019 | 10 replies
Such conversion need not comply with the requirements of the following specific provisions of this chapter:(a) Section 13-196-660 (height limits); however, in frame buildings, four or more levels of living space shall be prohibited and in buildings of ordinary construction, with or without attic living space, five or more levels shall be prohibited; (b) Section 13-196-050; however, all dwelling units must comply with the exit provisions of Chapter 13-160 except basement dwelling units may have a second exit through a room containing a heating plant; (c) Section 13-196-670 (stairwell enclosures); (d) Section 13-196-680 (corridor enclosures); (e) Section 13-196-690 (dwelling separations); (f) Section 13-196-710 (basement ceiling construction); however, if the basement contains a dwelling unit the entire basement ceiling construction is to be wood lath and plaster of half hour construction; (h) Section 13-196-720 (heating plants); however, basement apartments are to be separated from heating plants with partitions of one hour construction.
Carole G. Puppy in apartment, lease says no, advice wanted
1 March 2018 | 5 replies
If admitting service animals would fundamentally alter the nature of a service or program, service animals may be prohibited.
Victor Marquez Is this possible with a Self-Directed IRA?
2 March 2018 | 3 replies
No, this would be considered "Prohibited Transaction" by the IRS.
Joshua Savage A home bought with a self-directed IRA
12 March 2018 | 4 replies
@Joshua SavageWhile in use by the IRA, the IRA rules prohibited the use of the property for personal use. https://www.irs.gov/retirement-plans/plan-particip...Not until the property is distributed in-kind (distribution) in your name whereby the IRA no longer owns the property and you pay taxes on the value of property at time of distribution will you be able use it for personal use.
Nicholas Lohr Do any syndicators offer results Apps for their investors?
11 March 2018 | 4 replies
Developing our own would be prohibitively expensive with similar feature set. 
Matt Guignon self directed ira custodians
25 March 2018 | 16 replies
They offer pre-sales education and may try to ask questions if it very blatantly looks like you are trying to do something that would be a self-dealing or prohibited transaction, but they by rule and by their contracts do not provide tax, legal or investment advice.An advisor is going to be much more accessible and knowledgeable.