Partnerships and IRA's

[Account Closed]

I saw this question in another post, but no one took the time to answer it, so I thought I'd ask it for myself as I find myself in the same boat. Without any further adieu, here's the question:

"I have question regarding IRA and partnership. Here is the scenario,

Person A and Person B are partner

Person A has a self-directed IRA which will contribute the 25% down payment

Person B has good credit and will loan the other 75%

Can Person A and Person B buy the investment property into an LLC and get the company under their name as 50/50 business owner? The LLC for asset and law-suit protection."

Any help would be greatly appreciated.