Partnering with IRA -- Conflicting Information

[Chris Eaker]

Hello All,

I've read conflicting info on this, so I would like to know your opinion on the matter. Can I buy a property where I use my SDIRA to fund the down payment and then get the mortgage in my own name? Then when all profits are disbursed, monthly cash flow and final sale, the IRA gets its share based on its percentage of ownership and I get mine? I've heard it's OK, but I've also heard it's self-dealing. So what it is?