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Can My Self-Directed IRA Guarantee Its Own Real Estate Loan?
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Question: My Self-Directed IRA wants to buy real estate with financing. Can I personally guarantee the loan to help it qualify?
Answer: Personally guaranteeing a loan to your Self-Directed IRA is prohibited, as is using personal credit to secure the purchase. Instead, the IRA must obtain a non-recourse loan made directly to the IRA, where the IRA itself is responsible for repayment.
The reverse is prohibited too — IRA funds cannot be used as collateral to secure a personal loan or personal property purchase.
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Self-Directed IRA LLC Prohibited Transactions - My Solo 401k Financial
My Solo 401k Financial offers self-directed Solo 401k, IRA LLC & ROBS 401K Retirement Plans. Learn about Self-Directed IRA LLC Prohibited Transactions
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