I dont personally have that much cash. Can I co-invest with my friends and relatives?
Yes. You can combine your IRA and personal funds with your wifes or husbands savings, her or his IRA, funds from your friends, children or other relatives (or any other combination) in order to enter into the transaction together as tenants-in-common. Each investor appears on the grant deed (the legal document giving title to the property) as a percentage owner, based on the amount of each investors contribution towards the full purchase price. For example, if your IRA contributed $10,000 towards the purchase of a $100,000 parcel of land, the grant deed would specify that your IRA was a 10% owner.
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