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Updated over 10 years ago on . Most recent reply
Use my self-directed 401(k) to fund your deals
I can't use MY self-directed plan funds to fund MY PERSONAL deals, and you can't use YOURS for YOUR PERSONAL deals... BUT, I can invest MY FUNDS IN YOUR DEAL, and you can invest YOUR FUNDS IN MINE.
If you either have funds in a self-directed plan or other cash that you want to invest in high-yield short term projects secured by real estate, let me know.
Happy Investing!
Cheers~
Tara
Most Popular Reply
Great idea, agreed! Be careful that you don't get yourself into an arrangement however. Reciprocating investment funds between two qualified plans to accomplish something that would otherwise by prohibited (self-dealing) can be construed as an arrangement in the event of an audit. Just make sure that all the investments are truely arms length is all I'm saying. I hope you find success with this Tara!