In addition, if you are self-employed with no full-time employees you may wish to consider opening a Solo 401k instead of a self-directed IRA as it has several advantages over an IRA LLC such as much higher contribution limits, direct checkbook control (i.e. no need to have the account at a specialty trust company), ability to take a 401k loan, exclusion from unrelated debt finance income tax with respect to investment in real estate acquired with non-recourse financing, etc.In addition, please note if you purchase debt-financed real estate with your IRA, unrelated debt finance income tax should apply to the income attributable to debt-financed real estate held by your IRA.

I have a few people in my network that would like to contribute cash for a % equity of the return on a flip/rental.

Hello BP Folks, I would like to thank you all for the contributions to the forums and community.

Typically, the sponsor of the deal will contribute equity, as will a number of limited partner investors.

foundations are a big deal, water flow anything that can contribute to sinking or a major issue down the road.

In Texas, we are prohibited from giving guaranties by our bar, but I would never even if it were not verboten.Big law, nation-wide firms, have nation-wide overhead that every billable hour must contribute towards. 

I'm looking forward to networking, building connections with the BP community, and helping to contribute whenever I can.- Kevin

I started a rule of making 2 forum contributions per day.

Unless you sold as yourself and bought as yourself and then contributed the property into the LLC in exchange for membership interest in the LLC.

Start by finding the local forums on BiggerPockets at look through the past comments, and start contributing to the forum.