Promissory Notes SDIRA

[John Hill]

Wondering if anyone has experience with this. Here's the scenario:

My mom has an IRA and we have talked about her becoming involved in investing in my ventures. We have recently spoken about moving a portion of her IRA to a SDIRA and having her invest with me using a promissory note as the instrument. I would then use the money to buy a property I'm currently interested in and using the BRRR strategy, pay the note in full.

My questions are:

1. Is this possible?

2. Do we agree upon terms and simply draw them up in a preformatted document? I'm assuming the Dealer Broker would supply the note and we would complete the terms.

3. Does anyone have a suggestion for a Broker that deals in SDIRA's and is cheap?

4. Is there more to this that I'm not seeing?

I contemplated buying the property with her SDIRA but in talking with her she is not interested in partnering to that extent (i.e she doesn't want to own property)

Please advise!

John