REPS / Tax Shelter + SDIRA

[Suneeta Mullin]

Hi everyone!

I am new to REI for all intents and purposes (just stepped out of a long career in aerospace, we have one SF property right now). Looking for a couple of areas of guidance in the near future:

1.  Shelter some deferred income payouts by potentially working to gain REPS status (Invest-Rehab-Flip?  Multi-family invest-Rehab-Rent?), and claiming bonus depreciation against active income.

2.  Establish a separate SDIRA to potentially invest in a syndication opportunity we are reviewing, and learn more about due diligence

3.  Would love to hear about Portland / West Linn / Vancouver -area meetups / forums to connect, learn, and assemble a team I can trust!!

[Dmitriy Fomichenko]

@Suneeta Mullin,

As you learned from other comments - investing in syndication with your IRA will result in UBIT tax (almost all of them use leverage). One possible option to avoid paying this tax is to invest using a self-directed Solo 401k plan. However, this is not for everyone; you must have legitimate self-employment activity (or active business) to qualify.