Yes, a self-directed IRA can lend money to others. Your IRA can make loans secured by real estate or other collateral to non-disqualified borrowers, and the principal and interest are paid directly back into the IRA. You set the loan amount, interest rate, term, and collateral.
To open a self-directed IRA, complete the online application for your account type, fund it by transfer, rollover, or contribution, then submit a Purchase Kit directing Mountain West IRA to buy the property on behalf of your IRA.
The Private Lending IRA Guide covers how your IRA sets the loan amount, rate, term, and collateral, how the promissory note and security instrument name your IRA as lender, and what makes a loan arm's-length. Opening an account takes about 15 minutes when you're ready.
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Access all required forms for purchasing, funding, and managing real estate investments through your Mountain West IRA, including purchase kits, wire instructions, and transaction-related documents.
Mountain West IRA is a self-directed IRA Administrator and record-keeper and does not provide investment, tax, or legal advice. All information is general in nature. Investors should check with their own financial advisor, tax professional, or attorney about their exact situation before making any investment.