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Updated over 9 years ago on . Most recent reply presented by

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Heath Thomas Jr
  • Lender
  • Baltimore MD
65
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198
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Using your partners parents SDIRA

Heath Thomas Jr
  • Lender
  • Baltimore MD
Posted

So both my Partner and my's parents have large IRAs. they would like to invest with us using their IRA. Is there no way for them to lend to us using an IRA? because we are "disqualified persons". Is there any work around for this?

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Chris Soignier#5 Coronavirus Conversation Contributor
  • Real Estate Broker
  • North Richland Hills, TX
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Chris Soignier#5 Coronavirus Conversation Contributor
  • Real Estate Broker
  • North Richland Hills, TX
Replied

If by partner, you mean y'all aren't married, then it's easy.    Your partner's parents lend to you, and your parents lend to your partner.    Such an arrangement would be perfectly compliant w/ IRS rules.

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