Using SDIRA funds for Rental purchase in a partnership

[Tim Noteboom]

I have $65K in SDIRA account. I would like to purchase a rental property that costs $55k. I could purchase it in full with my SDIRA funds, but my brother would like to partner with me by paying 50% of cost and own it together. If I did that could I still use my SDIRA funds to contribute my 50% of funds to purchase property in this partnership purchase?

Thanks for any input.

Tim

[Brian Eastman]

@Tim Noteboom

Your brother is not a disqualified party to your IRA. As such, your IRA and your brother may joint-venture in the ownership of property together without issue. It does not matter whether your brother is using IRA funds or personal funds.