Foreclosure University Forum

IRA use (General)

by tere, Tuesday, April 01, 2014, 07:31 (2198 days ago)

I was told the following: "You can not buy your own home with your IRA, however you can lend money of your IRA to a house rehabber who could then lease the house to you on lease option. You become the bank on the property that you are maintaining. It can't get any better."

Is this possible, legal, risky? Any info appreciated.

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  • IRA use - tere, 2014-04-01, 07:31 [*]
    • IRA use - foreclosureuniversity, 2014-04-09, 22:12

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