At 1031 Exchange Place, we are dedicated to helping our clients make the most of their real estate investments. Yes, it is possible for you to partner with other investors to purchase real estate through your Individual Retirement Account (IRA). This is often referred to as a multi-member or multi-investor IRA LLC.
Partnering with other investors can provide access to a wider range of investment opportunities and additional capital for your real estate transactions. To achieve this, you can establish a Limited Liability Company (LLC) and have each investor’s IRA own a percentage of the LLC. The LLC can then be used to purchase and manage the real estate investment.
It is crucial that you work with a knowledgeable custodian, as well as legal and tax advisors, to ensure compliance with IRS rules and regulations. This includes avoiding prohibited transactions and maintaining proper documentation.
At 1031 Exchange Place, we can guide you through the process of setting up your multi-member IRA LLC and can help you navigate the complexities of partnering with other investors to invest in real estate through your IRA. Our experienced team is here to help you maximize your investment opportunities while ensuring compliance with all applicable rules and regulations.