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Updated almost 6 years ago,
SDIRA Notes. Wish I know it ALL! Ready to put $110K, what next?
I'm debating to take the tax hit from early 401K distribution or invest in SDIRA Notes. If I take the early distribution, I'll have to set aside about $40K for just taxes in that year.
Now regarding SDIRA Notes:
1. How much $ does the SDIRA/Note management cost monthly or yearly (on average, ball park numbers)?
2. Can I sell before retirement age, and at my discretion? What happens with the $ regarding debt or appreciation? If I have appreciation and I sell, do I need to do something special like the 401K early distribution?
3. Can I leverage some $ from that SDIRA Note? What happens if the REI property is paid 50% already and I want to take that money out? Can I do that?
4. How custodians works? Is it like a company or an individuals I can reach out personally or usually are big companies and I have to talk to them on the phone/email?
5. What if I want to sell? Next steps?
6. Please any experience, share. I love to hear your story and learn form it!
Thank you,