Foreclosure Auction Investing at the court house steps

[Greg Moran]

Question : is it possible to use a self directed IRA to purchase properties at a foreclosure auction? Is that custodian dependent?

Background : I'm trying to invest with a well-established rehabber in Roanoke VA. His business model is to purchase properties at the courthouse steps, for cash. If I'm trying to use the self-directed IRA, would the custodian allow me to loan him private or hard money for the purchase?