Can I mix personal funds with IRA funds to purchase a piece of real property?
Yes, if it is structured correctly. You must be very careful to whom you are listening. The prohibited transactions code prohibits an individual from using personal or IRA cash to benefit the other. This can be easily violated through “formation issues”. If you are considering using your personal funds to invest in real estate with your IRA either through Tenant-in-Common or a Partnership Entity, consult with Guidant Financial Group first. Do not be a test case for an inexperienced professional.