Joint Ventures and Partnering
How Well Do You Know Your Partner?
Entering into a joint venture is a major decision.
This webinar provides an overview of the main ways in which you can set up a joint venture:
– the advantages and disadvantages,
– how to assess if you are ready to commit,
– what to look for in a joint venture partner,
– how to make it all work.
Scott Maurer of Advanta IRA will be joined by Patty Ped of Aider Financials to cover this unique topic and answer questions on using your IRA to partner up with individuals as well.
Want to learn how the top 1% build their wealth?
Here’s a snippet:
Investing in Business Equity
Self-directed plans may own businesses or shares in businesses, start-ups, corporations, etc., to build tax-sheltered income for retirement. This means that your IRA can become part or full-owner of a thriving business by investing funds into the business you choose. You will not have to come out of pocket to manage and grow this business investment. Actually, you can’t use personal funds to facilitate anything your IRA owns. All income and expenses derived by that investment flow directly into and out of the IRA/retirement plan. But, you can use the tax-sheltered wealth earned from the investments in your retirement plan to manage and grow that account by reinvesting those gains.
Investing in Income-Producing Property
Investing in real estate that can be improved and resold for a higher value is one way to use income-producing property in your self-directed IRA. And, if the top 1% can do it, so can you! You may not have the big bank they do, but there are smaller rehab-and-flip projects that may be within your reach. Additionally, commercial and residential rentals (single or multi-family dwellings), and even foreign vacation homes fit the bill here. The key is to invest smartly, thoroughly do your research, and understand the expenses involved above and beyond the purchase of your initial investment.
Get the full article here:
self-directed IRA | joint ventures | choosing an investment partner