Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 about 8 years ago,

User Stats

6
Posts
2
Votes
Joe Candelaria
  • Kansas City, Missouri (MO)
2
Votes |
6
Posts

Best Account to Keep Capital

Joe Candelaria
  • Kansas City, Missouri (MO)
Posted

Happy Tuesday all! My question is, what is the best account to keep the capital we will be using for our real estate deals? Here is the situation, the main investor in our investment group is moving funds from a retirement account for us to be able to use for our investing. Obviously, the taxing of this amount is what we are trying to avoid. We are looking into a Self Directed IRA however it seems fairly prohibitive.

From this money, we will be paying out investors as well as percentages to a couple associate's.  Is that possible through a SDIRA?  What other accounts would you recommend?  Does putting capital in a regular business checking account make sense if we will be distributing funds from that account taking into consideration tax penalties from the retirement account but also considering the tax breaks we will get investing?  Thoughts, tips, ideas.  All are welcome!

Thanks!

Joe

Loading replies...