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Updated over 4 years ago on . Most recent reply

User Stats

27
Posts
0
Votes
Dalia D.
  • Real Estate Broker
  • Bellingham, WA
0
Votes |
27
Posts

Sitting on Equity in WA. Steps to turn into Investment Capital?

Dalia D.
  • Real Estate Broker
  • Bellingham, WA
Posted

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

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