Hello BP Community,I have in a Self-Directed IRA.

I currently use a private lender who funds through a self-directed IRA. 

I went to a meet up and learned that people are financing their housing with people's or their own IRA's. 

Is your IRA involves as well?  

I want to add that whether I have one investment partner, two or at the most three, these people or self directed IRA accounts are members of the LLC that owns the property.

@Ira Wayne I would say it is all up to you and what is fair.

I knew it would affect me as an agent when filling out forms but I didn't know it would handicap me as an investor.We plan to move our interest in lending to Quest, who holds private IRA's for investment projects.More info:http://www.stewart.com/en/cfpb.htmlThere are some great videos here and articles that help us know how this will affect us.Karen

I have some money in a IRA.

How does he convert his money from a 401k into a self directed IRA and are there any penalties involved or costs for him?

I have access to financing (excellent credit, good debt-to-income, and ample liquidity in IRA's).