Can I loan my partner SDira funds to do a flip?
I am partnering with a friend on a flip. Part of his funds will come from my SDira. He will be signing a promissory note and borrowing money from my SDira and paying interest. He will then use this money to help pay for the flip - both acquisition and rehab. I will be putting in my own cash as well. Is this ok?
I've run this by my custodian (Equity Trust) and they are giving me the thumbs up but I wanted a second set of eyes.