Can I structure my IRAs (or at least a portion of them) around real estate investments?
In other words, can I convert my IRA into a self-directed IRA and use the money in my retirement account to fuel my flips?
- Wayne ZLv 72 months agoFavorite Answer
Technically, you can put RE in an IRA. However, it is not recommended.
If I remember correctly from researching this in the past for someone, you must hire a manager/custodian to run the property. You can't do any of the work yourself and all expenses must be paid by the IRA.
So, for multiple reasons, I don't think that flips would work in an IRA.
- kswck2Lv 72 months ago
I think you would be out of your mind to use a retirement fund to finance such a risky business. It is supposed to keep your expenses paid during retirement-keep food in your belly, keep the lights on, take a trip around the world, etc.