All Forum Posts by: Noah Madsen

@Dmitriy Fomichenko ,Thanks so much! I went back to my dad with this he forward my communication to the company trying to sell him on the self-directed IRA. He told them going in he was specifically interested in investing in me (this is still a little hard for me to swallow as 30-Year old engineer with a family) and they assured him it was no problem. After he forwarded them the information they came back and corrected themselves but made sure to to discredit bigger pockets as more interested in "selling services" than offering assistance or sound advice! Crazy, he's know talking about just partnering with cash so we'll look into what that looks like. Thanks again for your response. I hope all my BP interactions are this positive.

So my father has just moved his entire retirement fund into a Self-Directed IRA and wants to get into rentals! He's more or less told me he wants me to do it for him, even if I have to learn and maybe even lose with a little bit! I've been reading and listening to everything I can get my hands on and I'm interested how that relationship would work, I know he won't be able to pull "benefit" from his investments without penalty, but certainly if we partner I will be able to? I'm also assuming since it will be listed in his LLC I won't reap any of the tax benefits? I'd love to hear if anyone has proffesional advice or has actually been apart of something like this. Thanks!