Can I give myself commissions, compensation, or discount the price in the sale of a real estate property in my Rocket Dollar Self-Directed IRA?

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.
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• Alternative ways to invest in real estate