Foreclosure University Forum


IRA use (General)

by foreclosureuniversity ⌂ @, Wednesday, April 09, 2014, 22:12 (2182 days ago) @ tere
edited by foreclosureuniversity, Wednesday, April 09, 2014, 22:15

I would say it's possible, leaning towards not legal, and definitely very risky! This is not a good idea because it is self dealing. You are too close to dealing with yourself and as you know this is a no no. There are penalties. Why would you want to destroy the tax shelter of your personal residence? Use your income producing investment properties where someone is giving you rent. The payments you pay are not deductible.

Good Luck

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