Borrow Money For SDR Roth IRA
Can I borrow money from my self to invest with SDR Roth IRA? Any more information about this subject? I have a little money on my SDR Roth IRA and considering to lend money from myself instead of using private money. Thx.
Your options.
a) Borrow the money for 60 days and then return it
before it becomes a distribution with penalties.
b) Transfer the Roth IRA to one of the firms that lets
you deal with Real Estate. I am sure you will be able
to find references in this website.
You can purchase RE using the funds through the
IRA custodian. However, the RE cannot be your
primary residence.
My 2 cents.
-Krish