Looking for thoughts & suggestions - SDIRA’s

[William Durel]

I’ve been investing in my 401k for over a decade now and have taken very little interest in it. I want to be more hands on but the truth is that sticks and bonds don’t capture my imagination enough.

Another issue I have is that I’ve seen better returns on my 12 months of RE investing than I see on average in the decade of my 401k.

Who here does a Self Directed IRA for real estate? Pros? Cons? Do you buy properties out right, or use the SDIRA for down payments only? Do you use your IRA as a private lender?

Thank you for any help or direction you give!

Sincerely,

BJ Durel

[Peter Thielemann]

@William Durel, hello I'm in the beginning process of reinvesting my 401k also. My interest in converting my 401k to a self-directed IRA is to invest in real estate long-term. Being over 59 + 1/2 I can roll my company-sponsored 401k 2 a custodian for a self-directed IRA. Also from what I understand adding an LLC gives you checkbook control of your IRA. Which can cut out some of the administrative fees when purchasing rental properties. I was turned on to BP and the suggestions create new questions for me. I keep digging for as much info as possible before I make the switch I would say do the same. Advice from a newbie haha.