How can I use self-directed IRA money to participate in internet auctions for tax-lien certificates?
Apr 14, 2009 in
Questions And Answers
I'm trying to get started in investing in tax-lien certificates using money in my self-directed IRA. I'd like to try participating in online auctions for county tax sales, but many of them require you to deposit some sort of "down payment" as good faith money. Does anyone know if/how I can get the money from my IRA for my deposit, so that my IRA completely holds the entire interest in these assets? Thanks in advance for your help.
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One comment
Eggolas M on April 14, 2009 at 9:21 pm
If you really want to do this, then I suggest that you begin by reading the available information very carefully.
But yes, owning a tax lien certificate is not a prohibited transaction by itself:
14. In addition to real estate what investments can my IRA funded LLC purchase?
Limited liability companies, real estate commercial and residential, commercial paper, tax lien certificates, promissory notes, corporate debt offerings, trust deeds/mortgages, commodities and futures, mutual funds, stocks, bonds, annuities, limited liability partnerships, hunt lease investments, race car investments, treasuries, bank CDs, timberland investments, currency exchange, timeshares, real estate options, and much more.
So, according to this website, it's available to an IRA LLC.
You have some reading to do.
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