By working with a team, you keep yourself active, motivated and engaged in your business.More experienced Realtors get many of their deals from friends and friends of friends.

@Alberto Henriquez,When you lack cash or credit, you need to partner with people who have what you lack.Also, learn to attract and engage private lenders.

I can't even sleep some nights thinking about itClosed around mid-feb, it's now mid-April and I've made barely any progress and have lost a ton of capital and timeFirst engaged contractor end of Feb to do a full rehab (2000 sq ft).  

@Teri S.Trying to engage in an investment activity that requires frequent transactions or transactions that are time sensitive in nature is not easy with a 3rd party custodian acting as the processor.A self-directed IRA LLC or Solo 401(k) can be configured to offer checkbook control.  

But I was just wondering if them both being under an LLC would grant an exemption to that since they share ownership of the LLC and therefore are not engaging in broker activity for someone else.

Thanks @Ali Boone for starting it, it's nice to see more women engaged in real estate. 

The problem becomes when they keep promising all the answers in the NEXT session, if only you pay to come back.

The prohibited transaction would take place if you use LLC funds for your own personal benefits as IRA or engage in a transaction between IRA LLC and disqualified person, as the IRS rules explain:https://www.irs.gov/retirement-plans/plan-particip...For this reason it is very important that as the account owner you understand and follow IRS rules, regardless if you using IRA LLC or custodial self-directed IRA.

I work for a very large company and am trying to convince folks that we should engage in this type of program, both as a way of finding new talent and also as a way to help our communities youth thrive.I'll send you a connection request. 

I'm also considering getting my RE license, primarily so I can have more flexibility in when/where to look at a property, and to more quickly be able to engage with the seller's agent.