Most of the time, these folks will roll the lump sum over to an IRA.

Tax discussion moved.http://www.biggerpockets.com/forums51-tax-legal-issues-contracts-self-directed-ira/topics/103482-tax-strategy-with-donated-properties

Set it up with a SEP Ira contribution plan so that I could transfer 25% of whatever earned up to $51k into a Roth Ira, then invest out of there after creating a living trust.

Which programs do you BP'ers recommend for managing all one's personal finances, assets (real estate, stocks, IRAs, etc) as well as day-to-day living expenses.

I'd rather have my money in a self directed ira or something like that where I could put it to work myself but I digress.

The devil is in the JV agreement, your legal council and of course how things are handled when the deal goes bad.No doubts that a sham JV with a grandma's IRA and taking 90% of her assets is still bad for several reasons that it doesn't meet my just now invented gates that a JV must jump

I do this by lending from a self directed IRA, by the way.... so technically, I don't do anything.

Given I could've rolled these small funds into an IRA, I just felt a little more comfortable to have this cushion in the bank at my disposal.My current job though I've opted to stay with their company match @ 4% for the time being - free money imo!

However, I would like for my IRA to purchase the property instead.

The banks I found that do these always try to force me to invest via my IRA, which I don't want to do.Where are these special lenders?