., being hit with taxes and penalties on premature distribution would not be wise, you will end up giving uncle Sam 40-50% of the distribution amount upfront.

(now they're one and the same I guess) As I've had premature failures from their store brand footwear that they refused to warranty.

I know too many people that have regretted getting into adult worlds/problems prematurely.

My question is: How do I effectively go back to my partner and explain that this is not good for me, explain I need this to be 50/50 as we are coming in with the same amount of cash, and that there are ways to make sure his loan is covered should he or I exit from the deal prematurely?

I have just begun my real estate investment journey to financial freedom, only being introduced to this world about a month ago.I know I still have so much to learn, before I even set out to find my first deal, so that I can do everything I can to set myself up for success.I realize that my question may be a bit premature to ask for me, but something I've heard a lot on the BP podcasts and in the books I've been reading is the desire to get into real estate because you hate your job. 

The day of closing, the buyer bailed and left my friend scrambling to pay for his premature expenditures. 

@Marston Garceau First off, a premature welcome to Colorado and congrats on taking a step into real estate.

•⁠Little chips and glazing cracks in the bathtub can lead to premature rust, so even if they’re small, just get a repair kit from Lowe’s or HD and stay on top of the concern before it becomes a real problem.

I ended up getting burned out on this deal and sold it prematurely.

You as the IRA account owner can use cash in your IRA (take distributions) subject to applicable taxes and penalties if you take premature distributions.