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Updated about 8 years ago on . Most recent reply

Tom Wilkins's profile image
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Tom Wilkins
  • Investor
  • from Philadelphia, Pennsylvania
  • Member since Jul 16, 2016
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Tom Wilkins's profile image
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Tom Wilkins
  • Investor
  • from Philadelphia, Pennsylvania
  • Member since Jul 16, 2016
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Tom Wilkins
  • Investor
  • Philadelphia, PA
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Buying & Selling Real Estate

Who has had Success with SDIRA?

Tom Wilkins
  • Investor
  • Philadelphia, PA
Posted
I am about to use a portion of my IRA and invest in a few properties. I wanted to get some insights from folks on their experience. Positive? Cautious? Thanks Tom
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Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
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Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
Replied
Originally posted by @Mike Reynolds:

... But if I am thinking correctly, I can get a zero interest loan, pay myself back and still get tax advantages.

When you borrow from your 401k you have to pay interest on the loan, but the good news is that you are paying back to yourself. 

  • Dmitriy Fomichenko
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