Partnerships for real estate investors are common, but can you enter into a partnership with your IRA funds? The answer is YES; but, it must be with a partner who is not a “disqualified party” to your IRA. Whether your IRA is investing into a real estate investment group that is structured as a corporate entity, or as tenants in common with one other party, the key is to avoid disqualified parties.
So who is a disqualified party? The list includes…
1) Yourself and your spouse – You cannot co-invest IRA funds with your personal funds on any investment.
2) All family members in lineal ascent or decent from you and your spouse. This would include children, grandchildren, parents, grandparents and so on . . .
3) Anyone with a fiduciary conflict with you or your spouse. This would include people like attorneys, financial advisors, tax consultants, etc.
For more information on partnering on an investment with your IRA funds, contact Guidant today.
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