SDIRA LLC Investment with a Partner?

[Mark Voss]

Greetings BP, I have a SDIRA LLC, with Midland IRA as custodian, that I created to invest in real estate. I have a lender who is willing to give me a non-recourse loan with a 30% down payment in the Bloomington, IL market. Is it possible to partner with another entity, say an individual, that is not a SDIRA? If so, must the loan remain non-recourse? I know that there are disqualified relations (parents and children etc). Thanks for any guidance or resources you can direct me to.

[Marti Ryan]

Hi Mark,  

Great questions and answers you have here. Like Matt said... I don't have much to add. In fact, I think Matt could add more than I on the IRA subject. If I recall correctly, I know Matt has chimed in on this topic many times at our local REI meetings here in Bloomington, IL. Right Matt :)

I'm the creator of the local REI group. My husband and I launched the group in 2014. Is be happy to assist you with your property search, when the time comes. As a licensed Realtor, founder of the local REI, and President of the local Landlord Association, I do have some local knowledge and often know about off market properties as well. I'd love to set up a Zoom meeting with you :)

Marti Ryan