Partnering with your own self directed IRA to purchase land
Hello everyone,
Knowing that these can be very muddy waters at times, my wife and I have been struggling through the IRA real estate investment information available on the internet. It is plentiful, but not sure, sometimes, if what we read is true. We have read on a few occasions that it is possible to partner with your own SDIRA (by adding personal non tax free/deferred funds) in order to come up with the total needed to buy a piece of real estate. This money would still be separate, ex. 50 % paid with check from IRA and 50% paid with check from my checking account. Moving forward everything would again stay separate. Does anyone have knowledge or experience with this?
Thank you and everyone for sharing their experiences, ideas and knowledge on this site.
Eric