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Updated about 6 years ago on . Most recent reply

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Josue Vargas
  • Real Estate Agent
  • San Antonio, TX
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Self-directed IRA in RE investment and mortgage notes. Benefits?

Josue Vargas
  • Real Estate Agent
  • San Antonio, TX
Posted

Recently I had questions about moving or withdraw funds from former employer 401K account to invest in RE. I've learned it takes a lot of impact with taxes and penalties and better off to move funds to Self-directed IRA.

Someone suggested to move the 401K funds to self-direct IRA and invest in RE and mortgage notes, since the move will not take taxes or penalties implications.  I'm not sure how this works.  

Any help from experienced investors with this type of transactions? 

Thank you,

Josue Vargas, P.E.

Most Popular Reply

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Carl Fischer
  • Rental Property Investor
  • Ambler, PA
1,382
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Carl Fischer
  • Rental Property Investor
  • Ambler, PA
Replied

@Josue Vargas

You are correct in not investing in something you don’t understand. When your ready to learn more, checkout SDIRA websites and attend some classes. In addition, The mid Atlantic summit scheduled in October in Philadelphia will have a lot of the BP heavy hitters (@Dave Van Horn @Brian Adams @Matt Faircloth @joe fairless @j. Martin @paul Moore and many more) attending and your knowledge and network will be expanded greatly. This is a non selling educational event.

  • Carl Fischer
  • [email protected]
  • 215-283-2868
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