Can you do a wholesale deal in the name of your IRA yes you can!
All you need to do is to get a Salem purchase agreement and instead of your name or your corporation’s name or your llc’s name you going to put it in the name of your self-directed IRA. Think of the self-directed IRA as a company name like a corporation or an LLC. They are going to act as an entity like a trust. They are going to be on the option to purchase agreement or the sale and purchase agreement for the wholesaling deal. It would be a good idea to have a business card with the name of your self-directed IRA that’s going to be acting as a corporation or a company.
Just remember all the prophets that you make and the wholesaling deal are going to be taxed you for in the ira or if it’s a Roth IRA the taxes will be even better!
