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Not with funds in a Roth IRA. Everything must be at "arm's length" (otherwise a lot of people would purchase homes using their Roth)
by prezjordan 5y ago
Not with funds in a Roth IRA. Everything must be at "arm's length" (otherwise a lot of people would purchase homes using their Roth)
- imgabe 5y agoYou can purchase real estate with a self directed IRA, not sure if it can be a Roth IRA, and probably not your primary residence, but I don't know the exact rules.
- nrmitchi 5y agoYou can purchase property with a Roth. It cannot be your primary residence. You have to be entirely hands-off with it. You are not allowed to manage the property, do repairs, etc. You are still not allowed to decree that the value of a house that you own is $10 and sell it in to your Roth in order to shelter it from taxes and get around contribution limits.