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Updated over 9 years ago on . Most recent reply
how to structure this partnership
Ok so I was just contacted by a potential private lender who has money both in a 401k and a route IRA
And wants to get with me to invest in real estate. So my question is how would I set up a partnership with him? And how would I be able to maneuver the funds without him being hit with heavy taxes? Any input is appreciated.
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#1 New Member Introductions Contributor
- Solo 401k Expert
- Anaheim Hills, CA
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#1 New Member Introductions Contributor
- Solo 401k Expert
- Anaheim Hills, CA
the person would need to setup a self-directed IRA or 401k. Then the IRA would be the lender or your partner, hot him personally. All income and gains of the IRA would be tax-deferred (or tax free in case of a Roth) unless engaged in Unrelated Business transaction.
There are many discussions here on this topic, do some search and you will find some useful info.
- Dmitriy Fomichenko
- (949) 228-9393
