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Updated almost 5 years ago, 02/09/2020
Question about SDIRA Hard Money Loan
Been reading a lot about SDIRA and real estate investing, including several posts on BP, but this question I couldn't find an answer to..
Say I form a project LLC with three friends to flip a house. The ownership is split based on our capital contributions, 33% each.
Can my SDIRA LLC lend money to the project LLC without any issue? I read in a few places that there is an issue if I'm a 50% or greater owner in the project LLC that the SDIRA is lending to. Will being a minority owner make this scenario OK?
TIA!