Can You Borrow Money From a Self-Directed IRA?

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@CindaMurphyRealEstate
I had a 401k After I quit, I rolled it into an IRA brCan I turn that into a Self Directed IRA now? brI’m a realtor now and I want to invest all my money into RE instead of the stock market A friend of mine says I can’t because that was from W-2 income and I am now self employed brbrHere’s what she said, brbr“I hate to burst your bubble- but unless you can transfer over other self employed Ira funds into SDIRA, it’ll take you a long time to build up enough to purchase You can contribute up to 100 of income up to 250k i think every year, but you can’t as you need to live on some, if not all your income ☹️ brI know this isn’t want you want to hear- but that’s the only way to fund a SDIRA From other self employed Ira’s or ongoing from current self employment income I couldn’t roll my regular IRA in it, only my SEPs & Simples (Self employed Ira’s) “brbrTrue?
Comment from : @CindaMurphyRealEstate


@stevecarlson2223
I find this kind of Misleading You can NOT borrow from your own IRA but you can Lend money to an unrelated person from your IRA In other words, other people can borrow money from your IRAwe do that all the time A note and DoT backed by Real Estate (for example) can be solid investments And your self-direct IRA can buy real estate as well
Comment from : @stevecarlson2223

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