Following are just some of the types of real
● You can’t buy from yourself or another
prohibited person. (think “up and down” your
estate an IRA can invest in:
family tree; parents, kids, spouses)
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Raw land
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You can, however, go “left to right”, so
Rental income properties siblings, uncles, aunts, cousins, etc. are not
Manufactured homes disqualified parties.
Public storage units
● You can’t use your IRA as collateral for a
personal loan.
Trust deeds
Secured notes
● Comingling is prohibited (e.g. if your IRA is
Parking lots, etc. the owner of record and you start paying for
Timber rights the roof leak, etc. with taxable dollars, the IRS
Mineral rights considers it to be commingling your taxable
Tree farms money with your qualified money)
● As you’re probably aware, expenses and cash
Bottom line, with an SDIRA you have TOTAL flows would have to go through the IRA.
CONTROL over your investment choices. Because it’s the owner, all the rent and income
flow back into the IRA.
A quick overview of prohibited and acceptable
● Obviously then, the same thing would apply if
transactions and parties when using a self you had an expense in connection with the
directed IRA: property (or other assets).
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