can client take loan from IRA

i have a clioent buying a home. They want to take a loan from their IRA. He is 71 years old. They are working with a realtor that told them they can do an option that involves a loan from the Ira to another party not involved in their family or anything else – we understand we can make an unsecured loan/note from our Ira.

Is this doable? Thanks! Susan



Not if the house is for him or any disqualified party relative.



Thank you for verifying….Susan



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