Family Members Using IRA for My Syndicate

[Kody Broussard]

Hello BP,

I am raising money for a multi-family deal and I am wanting to get some close family members involved such as my grandfather and dad. The syndication will more than likely consist of 10 investors. I have heard that as long as the family member does not own more 50% of the LLC they can invest using an IRA and not break any rules.

Can someone please provide some more information on this topic that has some real experience?

Best Regards,

Kody