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All Forum Posts by: Account Closed

Account Closed has started 1 posts and replied 4 times.

Post: Turnkey Flipping!! 16k to 26k Profit to you!

Account ClosedPosted
  • Sunnyside, NY
  • Posts 4
  • Votes 0

@Larry Fried Thank you for your advice - I truly appreciate it.

Post: Turnkey Flipping!! 16k to 26k Profit to you!

Account ClosedPosted
  • Sunnyside, NY
  • Posts 4
  • Votes 0

Are you still doing these types of deals?

Post: Partnerships and IRA's

Account ClosedPosted
  • Sunnyside, NY
  • Posts 4
  • Votes 0

Brian,

Can you explain your first paragraph a little more?

Would be greatly appreciated. 

Post: Partnerships and IRA's

Account ClosedPosted
  • Sunnyside, NY
  • Posts 4
  • Votes 0

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.