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Updated over 8 years ago on . Most recent reply

User Stats

59
Posts
19
Votes
Sheryl Gurvey
  • Rental Property Investor
  • Decatur, GA
19
Votes |
59
Posts

Now what should I do with this Solo 401k $$?

Sheryl Gurvey
  • Rental Property Investor
  • Decatur, GA
Posted
Hi, I've been a member for about a year and a half and an investor for many years. Last year I converted an IRA to a Solo 401k and so far I've purchased one house and funded one private loan with the money. I now have around $50k sitting in cash in there and I'm trying to decide what to invest in next. I don't want it just sitting there any more. I don't think buying another house with that money is feasible due to prices so I am thinking I want to do a private loan again. I've reached out a little and put out some feelers to see who might be interested but I need to get more aggressive in finding the right person to lend this money to. What should I do next to make this private loan happen? Thanks in advance for your advice.
  • Sheryl Gurvey
  • Most Popular Reply

    User Stats

    2,210
    Posts
    1,093
    Votes
    Peter Mckernan
    #2 Rehabbing & House Flipping Contributor
    • Residential Real Estate Agent
    • Irvine, CA
    1,093
    Votes |
    2,210
    Posts
    Peter Mckernan
    #2 Rehabbing & House Flipping Contributor
    • Residential Real Estate Agent
    • Irvine, CA
    Replied

    Hello @Sheryl Gurvey you should connect with Dmitriy Fomichenko. He is on BP, and he would be able to give you some better insight! 

    • Peter Mckernan
    business profile image
    The McKernan Group
    5.0 stars
    32 Reviews

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