If you are married and file a joint return, the tax-free amount doubles to $500,000.

Im looking to assign some contracts and do some joint ventures.

For smaller deals, a Joint Venture with a fixed split percentage of cash distributed after reserve levels are met is a good way to structure it.

As for being busy with work and travel, I would love to talk to you about doing a joint venture so we could both benefit but you wouldn't need to spend any more of your time.

However, if you like to go out and enjoy life a little more and don't want to cut down on expenses, you can always try joint venturing with someone else that has cash if you know how to put deals together. 

@Bj Ayoleke I am not a financial advisor, so listen to others on the specifics, but there are some really great opportunities to Joint Venture with members on here that have already established track records and great investment opportunities available.

There isn't a person out there that hasn't made questionable financial decisions but I can tell you genuinely want to learn from your mistakes.

However, if you do want to just go ahead and start investing in your area, there are options that don't require much capital such as joint ventures with someone with capital. 

The tax cost will certainly be less than the tax cost of the distribution of the full property.Alternately, the IRA could joint-venture with another investor.  

. #2 If you really do have an active buyer, that message should be genuine and not a canned "template".