New Member in Knoxville, TN

[Kevin Brinkmann]

Recently discovered BP while doing research on self-directed IRA / solo 401K accounts and am looking forward to participating in this community. My wife and I enjoy living in Knoxville and we have 3 daughters who keep us busy. Began investing independently in 2014 and have 2 investment properties with friends that have been a positive experience thus far. Would like to invest further in real estate and someday retire on the lake in East Tennessee.

Am also interested in learning more about the pros and cons of using a self directed IRA / solo401K for real estate investing. My questions are whether this should be an IRA or a solo 401K, is this better as a Roth account or not and long term implications for both. Have only touched the surface of this and reading more to gain a true understanding of this and whether this would be the right decision for us. Have only been a member for a few days and I thank to thank the community for sharing their knowledge and experiences.