PassivePockets: The Passive Real Estate Investing Show cover image

86. Understanding Self-Directed IRAs and How to Find the Right IRA Custodian with Juan Deshon of Quest Trust Company

PassivePockets: The Passive Real Estate Investing Show

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You Can't Make Investments With Your IRA Account

You cannot invest with certain people or entities. If you do one of these mistakes, then ultimately IRS says that investment was non-void the moment it occurred and usually they don't catch it till three years later. It's kind of too close for comfort, right? If I give my spouse money or loan her money and then we live together, that money's probably also gonna be beneficial to me, right? So you're really not using your IRA account for what it's meant to be used by.

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