Partnering on a Flip using SDIRA
I am partnering on a fix and flip using my SDIRA. We are still in the process of closing on the property. My partner and my SDIRA will be partial owners of the property.
My partner will then use their money to pay for the renovations and when we sell we will have a 75/25 split in profit. Them getting the 75 because they will be doing the work and funding the rehab.
Is there anything wrong with doing this? I just want to make sure that everything is legal.