Rolling a 401K to a self-directed IRA to invest in real estate

[Peter Thielemann]

Hi Peter "newbie" here, I'm new to BP and looking for Pros and cons on rolling my company-sponsored 401k into a self-directed IRA to purchase rental properties. I understand you have to go to a Trust Company/custodian to convert a 401k to a self-directed IRA into an LLC to purchase rental properties. On top of the truss company I understand you need a CPA and a real estate lawyer. Looks like a lot and I'm knocking on the retirement door so I need to get started. Got referred to BP and here I go.