Self-Directed IRA for an Investor

[Account Closed]

Hi,

I know someone who wants to lend me money from his retirement account.

I have suggested that he set up a self-directed IRA, which could then put his money into an escrow account, where he could basically act as a mortgage broker, using his self-directed IRA to invest in trust deeds.

Would someone with knowledge and experience please provide more insight into this? I want to be able to walk him through it step by step.

Thank you