The ones that do not for my benefit I shall kick them on their knee caps and run!

Is anyone using these to finance their joint ventures where the operating agreements are pretty much common?

This down payment needs to come from the principals funds, and not from third parties, or worse, the seller.Years ago a lot of deals were done using “creative “ accounting so it appeared that the borrower was coming up with the down stroke while it was actually the borrower; contracts were written for prices higher than the actual selling price; money was transferred from sellers account to jointly owned “escrow “ accounts; sales were set up to “land trusts”, zero coupon bonds purchased for 10c on the dollar were recorded at full face value when use as a down payment, etc.

The only thing your LLC could do with your father's IRA is buy real estate jointly, own it jointly, collect rent and pay bills according to % of ownership and sell the property.

This was a joint venture where I put 10% down of the total cost to purchase and rehab and I would split the profit with the lender (80% to me 20% to the lender).

I'm open to joint ventures and ideas.

To put that into perspective-she made so much money on the sale of her house that she would have to pay capital gains tax on an actual primary residence even if she was married, filing jointly.

PVC & CPVC get brittle over time and can crack especially at glue joints and threads, CPVC more so than PVC.

@Peter M. much appreciated, yeah the knee jerk responses of “fire your realtor” I take with that grain of salt, but these couple of items just make me wonder.

I foolishly rented to people I used to know, hired people I knew instead of legit contractors, damaged my knee doing home renovations, and recently my lungs are What was the outcome?