Self directed Ira and LLC partly owned by family

[Brian R.]

My wife's parents and I have a real estate investing LLC. The parents are the majority owners. My dad is trying to convert his IRA to self directed. He wants to loan money to our LLC for flip deals. What are the things we need to be thinking about? Can he just loan the money for us to use? Does he have to be in the deed for each deal? Whose names does the property go in? Can he just be a lien holder? Thanks Brian