http://districtreia.com If you are considering using a self-directed IRA to purchase property you can NOT live in the house—in other words—you cannot use a self-directed IRA to purchase personal use property.

1. IRA Wealth Formula Part II
If you are considering using a self-directed
IRA to purchase property you can NOT live in
the house—in other words—you cannot use a
self-directed IRA to purchase personal use
property.
If you do use the property for personal use—
it is considered an early withdrawal and you
will be taxed and penalized. The personal
property limitation applies to family members as well.
Another option is to form an LLC to manage your self-directed IRA.
Because of the implications you should always consult an attorney when
setting up this type of LLC.
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