Following is a good resource on the rules. https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-prohibited-transactionsAnother option is to open a solo 401k if you are self-employed and then you can borrow $50,000 once you transfer the IRA to the solo 401k plan.

By the way I follow you on social media and like the content you put out.Thanks again. 

There are SEC regulations that need to be followed when raising private money.

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Numbers are still not bad if the COCR is strictly on cash.

Ultimately he came down to $525k, whereupon I told seller that I wanted to think about it before offering $500k at which point the deal was dead.My questions are as follows:1) I was very conscious of the price point.

Does it vary strictly on cash flow?

The answer I got was they have internal protocols they follow, and when it's time for them to sell at auction, they sell it at auction, not before.

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