Family Partnership using SDI for Flips

[Jordan Sizelove]

Hey BP! Planning on doing my first deal pretty soon and need some help with a few things.

A couple family members are thinking about investing in real estate with me. All 3 family members have ira accounts. I know I would need to convert those to Self directed iras in order to invest in real estate. What are some good companies that can help me with that? Are they state specific?

One of my family members and I were also talking about getting a HELOC on her house. Any recommendations on where to apply for a HELOC? Are these state specific?

Once I get all of the financing lined up and ready to go, I plan on doing flips in order to build up my own investment capital. Was wondering if I’m able to do flips using self directed ira accounts?

Lastly (I think), what would be a good way to setup this partnership? I’m thinking all 3 of them will put their money together to invest with me. Any ideas on this?