Here are some additional comments to add - please be sure to read the last comment regarding making contributions to both an IRA and 401k.Can I set up a SDIRA if I have full-time job?

Hi, excited to be here with you all, learn, contribute and collaborate!

Allocate equity based on contributions: you provide the $235K HELOC and management, while your former boss contributes renovation expertise and labor.

However, to close the deal, we each need to contribute an additional $7K.

There is roughly $275k left on the mortgage and its value is est $430k.We have a brokerage account w $300k that considered as discretionary investments because we also have 401k contributions and emergency savings.Our options we're reviewing:1) Do nothing.

I’m new to BP and looking forward to connecting and contributing to the conversation.

Those certainly discourage contributing to the forums and that’s one area where a dedicated mobile app that leverages on device auto correct capabilities, could help.

Stop making Ira contributions as you’ve learned real estate is a better investment.

I'll ask further questions and probably come out of this contribution. 

Additionally, another neighbor who owns an adjacent parcel has expressed interest in joining the project, contributing their land to the development as well.I believe this could be a great opportunity for all of us, especially as a unique retirement plan for my family and my neighbors.