Best practices when using other people's IRAs.
This question is only for advanced investors who have financed deals with other peoples's SD IRAs. I have my first "private" investor willing to devote her IRA to my deals. I would put some "skin in the game", she would provide the rest. We will probably be doing a flip. is there a way to "partner up" without actually doing a partnership, and at the same time NOT have to file paperwork with the SEC? or is she limited to being a debt investor? (holding a note/mortgage on the property)?
How have you LEGALLY done it in the past, and stayed within SEC guidelines. ??
SHE has ALMOST NO flipping experience, I am providing all the experience and know how.
What are "best practices" for using OPM from an SDIRA ?