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Updated about 7 years ago on . Most recent reply

User Stats

33
Posts
4
Votes
Jay Pillalamarri
  • Investor
  • Seattle, WA
4
Votes |
33
Posts

Real estate agents targeting IRA/401K investors to buy RE

Jay Pillalamarri
  • Investor
  • Seattle, WA
Posted

Any brokers/agents who specialize in finding investors and help them use their self directed IRA/Solo 401K to invest in buy and holds/income properties. Following are my observations and wanted to get your opinions-

  • I see so many 9-5 professionals with lot of money, especially those in their forties/fifties
  • Most of them are either unaware or think that IRA/401K investing in real estate is very risky

Considering the above, is this a niche to specialize? Target these people, and help them grow their retirement portfolio and help them buy rental properties every few years.

Any experiences/perspectives?

Most Popular Reply

User Stats

854
Posts
506
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Soh Tanaka
  • Property Manager
  • Lindenhurst, IL
506
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854
Posts
Soh Tanaka
  • Property Manager
  • Lindenhurst, IL
Replied

I know this is not what you are asking, but I'm not a big fun of using IRA/401k to buy real estate. It might be better to cash out, pay penalties and applicable tax, if any, and then use the money to invest "normal" way. Have you considered the pros and cons of using IRA/401k to invest in real estate?

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