Each of you will get K-1 from the partnership return with your respective share of profit if everyone is 25% partners.

I try to come off as a professional who gets straight to the point, and most people respect that.

If you get many contracts signed, it usually is because you offer too much.Of course all this is speculation as I respectfully do not know the details of your situation.

With so much of our current environment being virtual, it's going to be the physical connections that stand out the most.

@Robert ZenonYes, your wife and you are both disqualified persons with respect to your father in-law's IRA.

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.

Good luck Respectfully Ivan  

When I did it (2011), we had to check a box on our respective 1040's that we engaged in a related party 1031 and agreed to comply with certain minor holding period rules, but nothing really of any significance.

Especially in a low interest rate environment.