Jeff S Na Usually on BP when I see people posting deals for joint venture partnerships, it's because they don't have the cash to put into the deals that a HML would require, and decide that if they can get the money to do the deal, and there's a healthy enough profit potential, giving away a big chunk of the deal on the other end is worth it, if they couldn't do the deal otherwise.

We now own 6 properties, and they've all been bought with borrowed money.So the long and short of it is, you can establish a 401K, contribute very little to it, then leverage that amount into nice holdings for yourself.Your question is framed using two different 401Ks not in partnership.

If is she seeking reimbursement for the damage that should be enough to trigger coverage..

In my opinion it is malpractice to recommend a regular partnership anymore. 

As someone just getting into the art of investing, I can say first hand that there is a fine line between being ready to pull the trigger and jumping the gun."

Doing a lot of reading and researching and I'm getting ready to pull the trigger and buy my first property! 

Also, always make sure that the numbers work out before you pull the trigger.

It is the sale of an appreciated or depreciated property that triggers the recognition of a gain or need to recapture of depreciation.However, that being said there is a way to use seller financing when you sell a property and still harness the advantage of a 1031 exchange.  

Hey @Dow Lin - the operating agreement of the LLC should cover the terms of the partnership arrangement (including initial capital contributions and any loan/payback terms).  

Are there any real differences in how the partnership would be set up?