Joint Venture with Retirement Accounts

[Robert Del Rosario]

Hello, community:

A friend and I are starting our first partnership together, a small, real estate-investment firm in Las Vegas. With our blood, sweat and tears, our main strategy will focus on raising capital by way of retirement account holders and purchasing investment property through a joint-venture agreement. We plan to set it up with the retirement account holder as a partner investing to receive cash flow and part of the potential appreciation, not just as a lender. However, we will be open to it.

We know this is not a new strategy, but it seems advanced enough to call it innovative. We have not approached people yet about our services. We are working out the small details, like creating a presentation and marketing plan, creating legal documents, and building relationships with vendors.

If anyone can share some details and pitfalls about this type of strategy, I would love to hear it. Also, if anyone has a joint venture agreement they could share, that would be awesome, so we can just take it to a local RE lawyer to review instead of drawing one up from scratch. I saw a general partnership agreement in the FilePlace, but was not sure if it contains everything it needs to.

Looking forward to hearing from y'all. Thanks in advance!