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Updated about 3 years ago,

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1
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Kim Smith
  • Glendale, AZ
0
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Buying rentals with my self directed 401K

Kim Smith
  • Glendale, AZ
Posted

I have funds in a self directed 401K through Equity Trust.  I have been lending funds to investors that I know for 2nd position loans on their flips.  Equity Trust does not allow checkbook control over my money and so it becomes labor intensive to get through their process with each transaction.  Since I would like to buy a couple of rentals with my account, I am looking for something a bit more simple.

--- Who can recommend a company that I can move my money to that will allow me to control the activity (i.e. paying bills associated with rentals).

--- Does anyone know of companies that will give me a mortgage in the name of my self directed account?

I would rather invest in a couple utilizing a mortgage vs. paying all cash for just one.

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