As I understand it, no it's not the same as a rollover. In simple terms, we want to use money in an IRA to purchase real estate. A self directed IRA facilitated by a custodian (i.e., Bank, investment institution, etc) is set up so the owner (us) can deposit and withdraw funds without a tax liability. The real estate becomes part of the IRA. Many banks do not offer this service because real estate in an IRA is a tangible asset.
In terms of your other questions, I am not an expert to answer. But I bet if you google your questions, you'll get some info. Or others more proficient in this area can respond.
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Tewksbury, MA<br />Naperville, IL<br />The Villages
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