Using IRA to invest in Laundromat Business?
Question: I appreciate if you can answer my two questions below: 1- Can I use my IRA and invest in a Laundromat business as my down payment and borrow rest from SBA? 2- Can I buy a 2nd home with my SDIRA? Answer: 1) Not directly in the IRA, no. Your IRA is to be invested for your future, not for your current benefit (or to benefit any other disqualified person). Some people say that you can set up a … Continue reading