Investor From Jacksonville, Fl.

[Gary Kane]

Technical professional working full-time ready to return to real estate investing. Have done a couple re-habs in the past, interested in the same as well as rental property. Have substantial IRA assets to work with, want to learn more about SDIRA RE investing and leverage.

[Dmitriy Fomichenko]

@Gary Kane

Self-directed IRA allows you to invest in non-traditional investments such as real estate. The account is held by a custodian (trust company) so every transaction and investment you make in your IRA has to go through them. Some investors do not like that and prefer to be in control so they chose IRA LLC (aka Checkbook IRA). This structure allows account holder to bypass the custodian and obtain checkbook control over their retirement moneys.

Truly self-directed Solo 401k plan also comes with checkbook control and need for a custodian is eliminated. It has several major advantages over an IRA, you can learn more here:

https://www.biggerpockets.com/blogs/2810/21298-sol...

However, Solo 401k is not for everyone. In order to qualify for it you need to have a legitimate business or self-employment activity that generates earned income. Being a landlord would not qualify you because rental income is considered passive. 

When you buy rentals (or any other investments) in your IRA or 401k - you will not be able to use any of the income those investments generate. If you need income now - consider buying outside of an IRA in addition to SD IRA since you will not have access to those funds till retirement.