All Forum Posts by: Brett Synicky

I may leave a current employer and therefore I believe I will be eligible to turn my 401k into a real estate investment product. Pros and cons? ability to use the whole amount and how so ?

I have purchased six properties. They have been assigned to my LLC, Hunt Family Properties LLC.

I do my own property management for those properties.

Would it make a difference if I started a property management company and hired myself to manage my own properties? Would it be a wasted effort if I did?

As of now, we pay our kids to collect the rent each month. They are paid through a DBA we started.

Also, unrelated, how do I keep my profile picture from rotating 90 degrees. It will be ok one day, then flipped the next.

Thanks!

I'm just looking forward to the future when I may wish to invest in a syndication through a Roth IRA.

Correct me if I'm wrong but since the Roth IRA has no tax liability, the depreciation deduction is basically lost.

I'm curious, is there a way in a syndication to shift that depreciation that is of no use to me to another partner who can take advantage of it? If so, is there a way to get some compensation for giving them this depreciation? 

I'm am looking for a bank which offers non-recourse loans so that I may refinance a home I own under a self directed IRA. Any suggestions are greatly appreciated.

If I buy multi family comm real estate via a RE LLC company with my Roth IRA does the rent income become UBIT taxable ? If the property is paid in cash and later a mortgage is secured does it impact the UBIT question above ? Thank you for your feedback !

Hi Wonderful BP Community,

I am in the process of acquiring an out of state property for mid term rental. The proceeds used to acquire the property will be from my solo 401K. I have my team on the ground when it comes to real estate agent, cleaner or other critical team members to make the property up and running. I have reviewed the IRC publication for prohibit transactions between the plan and a disqualified person which contain a few criteria including selling, exchanging and leasing the property. I dived deeper on the " leasing property part" and the only clarification is not to lease the property to disqualified persons. I would like to clarify if there is a possibility that I could be the leasing agent for the property?

Your input is greatly appreciated !

Eden

Following. Just starting to research how to invest w/ SDIRAs. 

I'm confused why would you say that rental income is taxed in an IRA? May be you meant that the IRA has deferred-tax funds and not Roth?

How about using SDIRAs not to hold assets but to operate businesses? For example, could I use my SDIRA to operate a management company that charges my holding LLCs a management fee? Now the paper losses are still able to be realized via the holding companies while the management fees are earned tax free? I'm guessing though that since the IRA owner isn't allowed to take out a salary, perhaps the SDIRA LLC will be required to hire employees?

Since learning that cash flow from real estate that was purchased from self-directed IRAs is taxed, and that I would not be able to claim depreciation on this property, what are the advantages to buying real estate with self-directed IRAs vs. other investment types like stocks and mutual funds?  

It seems like there are so many limitations to buying real estate with self-directed IRAs.  For those that do invest in real estate using this, what are your reasons?  Are there any benefits I may not be aware of here?