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Updated over 4 years ago,
Sitting on Equity in WA. Steps to turn into Investment Capital?
Hello BP Friends.
Just over 2 years studying note/paper space and am manager of note business Northwest Note Works. 60 y/o Licensed RE Broker. Need capital to fund performing note acquisitions and to purchase a 4plex (live in 1) in a seller financed deal using my yet to be opened Solo 401k. I think the Solo 401k can be Roth Characterized. I currently have SDIRA Roth account. Plan to seller finance 4plex every 3 yrs or so...
My questions are:
1. Does this make sense?
2. Is a Quitclaim Deed the best way to go with transferring title of current rental/residence to my LLC?
3. Live in Whatcom County, WA. Do you know of any experienced CPAs that are versed in IRAs or any experienced real estate/business Attorneys who are versed in seller finance documentation?
Thank you BP Tribe