IRA as investment tool

[David Venancio]

Hello All,

Question regarding Self-Directed IRA's

My partner and I (through our LLC) want to use his IRA to purchase a property. The initial idea was that we were going to use the IRA Funds to purchase a $65K property...then we were going to put traditional debt on the property and leave ~$16K in the property...

After a call today with a custodian this seemed more complex/prohibitive?

I was wondering if trying to do this under a "Hard Money Loan" - looks like there are issues with loaning to yourself? Potentially he could loan to me? 

I was hoping someone has done this and could direct me?

thank you all in advance!