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Dec '24 • General discussion
Retirement Accounts for Investing
When I was introduced to opening a retirement account using my dead 401k, I was shocked to learn that I could own real estate in my IRA! Better yet I could partner my IRA up with my friends account to joint venture deals together all day long!!
When you put your money together with a partnership, it is just simply papered up with the percentage of ownership.
So if I have a small dollar IRA and I partner up with one of you Deep Pocket People, I can participate.
90/10 or 80/20 is not uncommon. All this means is that I get 10% of the proceeds and you get 90%.
When we have an expense, the invoice gets split the same way.
If you find this exciting please comment below.
Oh yeah all of the profits can be owned tax free!
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Retirement Accounts for Investing
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