Anyone doing small sdira lending?

[Jeremy England]

I have an IRA with about 27k in it. Its not my primary retirement investment vehicle. I am currently working with a friend who is planning on opening an sdira with one of the custodians listed on bp. His has about 150k in it and I'll be borrowing from him to fund deals.

I was thinking of converting my small ira to an sdira and doing some lending.  I was thinking of funding rehab costs or transactional lending.  

anyone doing that here? What's been your experiences like

[Levi Rudder]

Lending is ok, but requires a decent amount of legwork per transaction especially if the collateral is only the RE being rehabbed as in your describe transaction. In my opinion it would be better suited invested in something that will get you good returns without having to continually work to put your money out. With my smaller IRA accounts I will put them into residential notes that I get cashed out between 12-36 months and just rinse and repeat. That is also what we do with our non IRA money as well and we do it full time.