You can cash out as an investment or add your relative name on heloc if allowed.

The GC will not tell you unless your related by blood on this matters and they will use it to there advantage.

If you have to evict your relative, Christmas dinner's may become less fun, for example.

Say, his money plus your labor, then split the net profit 50/50.If you contribute some capital, then another formula I've seen is you take 25% of the profit and then split the rest of the profit according to your relative contributions to the deal.This kind of arrangement is quite likely to be more profitable for him (and less profitable for you).

Yeah, I know; that's not the case with your relative, it's all somebody else's doing. 

That would go to your relative, the current owner.

You could form an LLC partnership with your relative so now your a business and when you invest in something utilize the business to establish a track record.2.

My advice is find a large brokerage that can afford to have a good training program for new agents, smaller ones usually don't hire trainers specific for training, they usually have agents who also try to do business and they often partner up having you split commissions.Split commission deals are common for new agents, just don't use your relatives and friends, sandbag those deals if you have them.Congrats on passing the exam, now you need training in reality!

You might do a search.First and foremost is to protect your relative.

But all interest income on the loan to your relative's IRA will be tax free.