I’ve previously used my equity line, but I’m in the middle of remodeling and can’t use it now.

Structuring a joint venture (JV) or equity partnership can make the deal appealing by offering a share of cash flow and appreciation. 

If your IRA receives an equity portion of profits from the business, it will likely have tax liability via UBIT that would be detrimental.Owning income producing real estate or interest from lending are passive activities not subject to UBIT. 

Partner Driven identified this property as a quick-turn opportunity with immediate equity potential.

@Michael Martin I'd recommend our official SDIRA partner, Equity Trust.

My father took out a $320K home equity line of credit (HELOC) to invest with my brother and I.

Just keep in mind the MIP doesn't come off the loan like normal PMI at 25% equity.

@John Bowens, I need to do this with my Equity Trust SDIRA.

I was interested in this type of deal because I was living in the area for another year and needed to build equity as well as dip my feet into the real estate market.

House hacking is a great way to reduce living costs while building equity, and BiggerPockets is a great place to network and gain insights.Good luck!