Can I pay myself, or discount the sale of a real estate property in my Rocket Dollar Account?

You can't discount the price and take any commission or compensation, as this could be a prohibited transaction inside your Rocket Dollar Self-Directed IRA.

When buying or selling real estate, it is important to avoid a prohibited and self-dealing transaction. Remember that if you are the investment manager of the IRA, you must not be working or receiving compensation for buying, improving, managing, or selling a property.

Taking commission would constitute a self-dealing and prohibited transaction, as you would be paying yourself from your Self-Directed IRA. See our list of disqualified persons and prohibited transactions for more information.

Want to read more?

• Was your original intent a prohibited transaction? Why you should still consider investing in real estate.
• How multi-family property investing can provide you the reward and diversification you are looking for
• Alternative ways to invest in real estate

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