Self Directed IRA Notes

[Garrett Hawk]

Hello!

I have an investor that wants to loan myself money on a note out of his IRA for a flip I am doing.

This is my first time dealing with self directed IRAs and he has not dealt with this before either.

What process do I need to go through to make sure he doesnt incur any penalties for violating the "no self dealing" rule?

Appreciate all advice from those who have done this before!