CassandraS Posted January 17, 2014 Share Posted January 17, 2014 I am doing some research and would greatly appreciate some guidance… Summary Two IRA owners want their management company to be owned by their IRAs. This is a construction management company, and the construction loan requires a personal guarantee. Generally, an IRA owner cannot guarantee his IRA’s debt. Since This loan will eventually rollover into a nonrecourse loan. Question: Is there any exception or provision that would allow the investment, without resulting in a prohibited transaction. Link to comment Share on other sites More sharing options...
Draper55 Posted May 27, 2014 Share Posted May 27, 2014 none that i am aware of... Link to comment Share on other sites More sharing options...
Guest Rajeev Posted January 7, 2015 Share Posted January 7, 2015 CassandraS... cannot be done as you described it... but can be done using ROBS transaction... do a google search on ROBS transaction for material and also see information on the IRS site for the same. Doing a ROBS transaction initially could be easy (due to many providers), but the ongoing costs, especially valuations can be a good deterrent for not doing it. Link to comment Share on other sites More sharing options...
QDROphile Posted January 7, 2015 Share Posted January 7, 2015 The whole idea sucks and any suggestion of a ROBS arrangement to facilitate a transaction (as opposed to pure ownership) also sucks. At best, ROBS transactions are sensitive and complicated, and when they are entered into the facilitate an abuse they are dangerous. K2retire 1 Link to comment Share on other sites More sharing options...
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