Yes, you can purchase vacation rental homes with a self-directed account. Just keep in mind that you can not use the home for your personal use.
As long as you stay away from prohibited transactions you can invest in many different types of assets. [We discuss prohibited transactions starting at 36:17 on our Taking Your IRA and 401K Beyond the Stock Market video]
This is great information! I invest in vacation rental homes. Is this something that I could use a self-directed IRA to purchase?
HotSpringsNCVacation 4 months ago
@HotSpringsNCVacation
Yes, you can purchase vacation rental homes with a self-directed account. Just keep in mind that you can not use the home for your personal use.
As long as you stay away from prohibited transactions you can invest in many different types of assets. [We discuss prohibited transactions starting at 36:17 on our Taking Your IRA and 401K Beyond the Stock Market video]
IRASelfDirected 4 months ago