Mortgage writing with IRA funds
I’d like to write a mortgage for my brother who is purchasing a home with my IRA funds. Could I do this woithout a penalty? If so, would his monthly payments to my IRA count towards my annual contribution, or as just return on investment?
Permalink Submitted by Jose Morales on Mon, 2008-09-22 20:57
Read this before you go forward with this plan: [url=http://www.fairmark.com/rothira/real-prohibited.htm%5DReal Estate in Your IRA[/url]
That is only a very small article. You will want to do lots of research or hire someone well versed in non-conventional IRA investments such as real estate.