Contracts and operating agreements are a necessary instrument to use, but ultimately it comes down to personal trust between you and your partners and team members. 

They will be instrumental in making sure your business checks out and you won’t be skinned alive be your state government.

In your case it would look something like do the 1031 and purchase a cash flow instrument with $300K cash yielding you maybe $21/year net of all expenses. 

I exclusively use portfolio loans and they have been instrumental to my growth.

Drawings, Plans, etc. are instruments of service and owned solely by the creator.. the architect/architect's office/business.

Jane was instrumental in founding the National Real Estate Investors Association and served in various capacities on its Board of Directors.

Your Answer: (For those who have the same Question) Brian Eastman Self Directed IRA & 401k Advisor from Boulder, ColoradoBest to start a new thread for something like this.IRS rules simply prohibit an IRA or 401(k) account holder from placing a personal guarantee on a debt instrument.

You are the Maker of that note, and your Seller is the Beneficiary.The Deed of Trust is the instrument that will be recorded with your County on the title of the property.  

Those starting out and looking to network is by far the most instrumental strategy you will find.

Both are legal financial instruments that are highly regulated and require lawyers, paperwork, etc.