Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

11
Posts
5
Votes
Roxanne Baisden
  • Property Manager
  • Yorba Linda, CA
5
Votes |
11
Posts

Professional advice needed in Orange County for a SDIRA newbie

Roxanne Baisden
  • Property Manager
  • Yorba Linda, CA
Posted

I am currently a commercial property manager for a local firm in O.C. I'm seeking professional guidance to jump in and invest in real estate through self directed IRA, funded and ready to go. I am in the process of renewing my RE license (which has never been used for a transaction). Not sure I want to do flips or buy and holds but may be interested in investing passively with the right trustworthy individuals. Need great tax advisor to show me all the benefits of RE investing through self directed IRA and to see if I should be doing this full time!

Most Popular Reply

User Stats

2,135
Posts
1,099
Votes
Joe Homs
  • Flipper
  • Mission Viejo, CA
1,099
Votes |
2,135
Posts
Joe Homs
  • Flipper
  • Mission Viejo, CA
Replied

@Roxanne Baisden  Welcome to BP.  Lots of questions with your post.  

1.  What kind of account do you have?  Is it truly self-directed or do you have a middle man (company) who has access to your funds and you must work threw them?  I self-directed my money in a truly self directed account with @Dmitriy Fomichenko and have not looked back since.

2.  I have used my money to fund fix and flips in Los Angeles, purchased two condos for buy and hold and currently looking to partner with fix and flips in Orange County.

3. The best thing about using your IRA money to invest is that there are NO taxes to be paid until you withdraw your funds. (Please seek professional advise)

If you would like to meet and discuss some options let me know.  I am currently flipping a home in Huntington Beach and can only meet during the evening hours or on Sunday.

Great investing...

Loading replies...