Can I do something with this Self Directed Plan?

[Shawn S.]

I have an uncle who is 70 years old. He was visiting us last night and has interest in investing in our real estate ventures. He has quite a bit of money, but most all of it is still in his IRA since he hates to take out more than is required because he does not like getting hit with the taxes on it. Is it even a feasible idea to pursue him doing a self directed IRA as an investment in our properties? Either as down payments for multiple properties or to purchase the entire thing? He would be thrilled with the interest rates we would be happy to pay. But I was just wondering if this idea has any legs at all.

Thanks