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Legit ?...would you liquidate a 401k for this?
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Boone & Crockett
Posted 8/11/2024 09:34 (#10846815 - in reply to #10846755)
Subject: RE: Legit ?...would you liquidate a 401k for this?


beanpole - 8/11/2024 08:50

I looked into using my IRA to buy land a few years ago. It’s possible for the IRA to purchase the property instead of you. Your campground business would just “rent” the property from the IRA. If you’re bearish on the stock market it’s the way to go.

https://www.forbes.com/sites/forbesfinancecouncil/2020/09/15/four-ways-to-purchase-real-estate-within-an-ira/

You’re not gonna setup a self directed IRA without rather substantial annual fees involved to a bank trustee.
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