All Forum Posts by: Brett Synicky

@Tabitha Price great idea to explore this!   You can start here to get some general guidance without having to jump on a call with anybody.  Solo 401(k)

Hope this helps! 

@Austin M Habich

Non-recourse lenders

https://www.biggerpockets.com/member-blogs/2810/50272-list-of-non-recourse-lenders-for-self-directged-ira-and-401k

Solo 401k

https://www.biggerpockets.com/member-blogs/2810/21298-solo-401k-advantages

Sdira self directed ira

https://www.biggerpockets.com/member-blogs/2810/blog_posts/28450-real-estate-ira

Prohibited Transactions

https://www.biggerpockets.com/member-blogs/2810/44738-prohibited-transactions-for-a-self-directed-solo-401k-or-checkbook-ira

Disqualified Person

https://www.biggerpockets.com/member-blogs/2810/47960-disqualified-person-in-a-self-directed-ira-or-401k

@Michael M. I work with Dmitriy.  Solo 401k has many benefits over the SDIRA.  Here are a few:  

$8k vs. up to $76,500 (up to $30,500 can be Roth) annual contribution limits over 50.  Under is $7k vs. $69k (up to $23,000 can be Roth).  

Not UBIT on leveraged real estate

Roth and Traditional built into the same plan

Cheaper and generally easier to maintain than IRA LLC especially with checkbook control

Hope this helps.  

@Paul Cordasco solo 401k is not subject to ubit on leveraged real estate only.  It doesn’t matter where the dollars came from, ie. rollover or contribution.  Including an existing asset.  Confirm with your CPA.  

@James Lee a few thoughts.  Do you want checkbook control or custodial?  Check the reviews for companies you’re considering.  Get a good understanding of disqualified parties and prohibited transactions.   
Here are some helpful articles on bigger pockets you can review. 

Solo 401k

Prohibited transactions 

Disqualified parties

Non-recourse lenders

@Mark S.

Totally agree people should own real estate in and out of a retirement account for that exact reason. 
However, write offs and depreciation are NOT the point of a retirement account. Tax deferred growth or tax free growth in a Roth are. Unless you have UBIT in an IRA then you can take those deductions on that portion subject to UBIT.
People need to do their own evaluation of what asset class(s) is going to grow their retirement account as quickly as possible. It might be a combination of stocks, bonds, mutual funds and alternative assets.  

Something you might consider is moving some/all of your pre-tax or Roth funds into a self directed ira and investing in real estate.  Or a solo 401(k) since that won’t have ubit on leveraged real estate. 
learn more here:   Solo 401(k)
 SDIRA

@Huiping S. if you have a mortgage then the SDIRA will have ubit and a 990t will need to be filed.  Your cpa can help with that.  

@Ashley Dennis

I think people should consider owning real estate personally (tax benefits) and inside of their retirement account.  As you know since you're over 59.5 you can take distributions without penalties so you'll have to decide that along with your tax professional.   I think you should have a conversation with a CFP who understands self directed retirement accounts and your CPA before you decide what to do.