Updated over 11 years ago on . Most recent reply
Partnerships and IRA's
I saw this question in another post, but no one took the time to answer it, so I thought I'd ask it for myself as I find myself in the same boat. Without any further adieu, here's the question:
"I have question regarding IRA and partnership. Here is the scenario,
Person A and Person B are partner
Person A has a self-directed IRA which will contribute the 25% down payment
Person B has good credit and will loan the other 75%
Can Person A and Person B buy the investment property into an LLC and get the company under their name as 50/50 business owner? The LLC for asset and law-suit protection."
Any help would be greatly appreciated.