Partnering with a Self-Directed IRA
So my father has just moved his entire retirement fund into a Self-Directed IRA and wants to get into rentals! He's more or less told me he wants me to do it for him, even if I have to learn and maybe even lose with a little bit! I've been reading and listening to everything I can get my hands on and I'm interested how that relationship would work, I know he won't be able to pull "benefit" from his investments without penalty, but certainly if we partner I will be able to? I'm also assuming since it will be listed in his LLC I won't reap any of the tax benefits? I'd love to hear if anyone has proffesional advice or has actually been apart of something like this. Thanks!