A guy was wanting advice, he was graduating from college, going to get a job and buy a used Lamborgini, then after it was paid for start buying real estate.......I consider that in the same line of thinking of "if you give me the promotion I will start working harder"I know one very well known Billionaire very well, at the time we were working together (ok he was chairman of the board and I was a director), he worked 18-19 hours a day.

Reach out to other wholesalers in your direct or surrounding market and see if they have any good deals that fits what you are seeking.

My boss knows and her boss, my Director, likes to tell others when introducing me that I am also a real estate investor.

@Brian Burke I'm planning to attend next months Sonoma County Investor Meetup, I am expecting it to be very informative with the Director of the Permits and Resource dept. as the guest speaker. 

Petersburg did, but if the city tweaks its law it may lose its grandfathered status, said Todd Yost, the city's codes compliance assistance director.""

Thanks for the post and warnings, I was contacted by Big Smiles Lending Company for a loan with  2% by A Steven Sill signed by Director Mr, Michael Mullard.

@Clarence BellI would recommend against what you are considering, as it would be likely to create a self-dealing, prohibited transaction.IRS rules prohibit and direct or indirect benefit between a plan and a disqualified party.In your situation as described, it would appear that the IRA and possibly you as well would be unable to purchase the property independently without access to the funds of the other party. 

How will distributions of capital be made between investors and other members or stockholders, officers and directors?

Once total exposure hits $1 million the board of directors have to sign off on it so it takes even longer.

Victor Jernigan, who s the Director of the REIA,  manages to bring us speakers from across the country and the information is invaluable.