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Ira and a partnership
Can I use my current IRA to invest in a multi family that would be a 2 person partnership? If so are there any recommendations for someone to tak to about my options and how to approach this adventure?
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Dmitriy Fomichenko
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Justin,
Yes it is possible for your IRA to become a partner in multi-family real estate investment. But first you must establish self-directed IRA.
Also you want to make sure that the partner is not a "disqualified person" to your IRA, which would disqualify your IRA and cause severe penalties.
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