My question. State of Oregon just change the law so that homeowners with property in the county can now add RV sites and rent them as adu’s. Of course they have code requirements, but my property qualifies.
My idea start an Roth IRA LLC, roll about $25,000 into it for a second septic system, RV pad, and minor utility upgrades. Run the Roth IRA LLC as real estate rental company. Take all the rental income. Roll it back into the LLC and eventually back into my Roth account to be tax free.
Is this legit or is it an unqualified event because I own the property?
Could my LLC also buy the RV and rent the space fully equipped?
Could my LLC take out a loan for the RV, Don’t think that actually makes sense because interest rates are high?
Finally thank you, just listening to your podcast. Makes me feel rich, prosperous and empowered! You have transformed the way i look at my retirement accounts from feeling the fear that it’s not enough untouchable money and thinking all I can do is work harder and save more… I’m having so much fun just imagining all the opportunities. Can’t wait for the summit!.