All Forum Posts by: Cris Lowe

Quote from @Dmitriy Fomichenko:

@Cris Lowe

I think you've been misguided... ROBS is not the right vehicle for buying rentals. ROBS designed to invest retirement funds into an active business. If you wish to buy rentals using your retirement funds you simply need a self-directed IRA (or Checkbook IRA if you wish to have more control). 

Agreed on it not being the right vehicle, but I don’t think a self directed IRA will get me to my goals.  I was under the impression that I could not pay myself from the cash flow out of the self directed IRA.  

Hello,

Long time lurker, first time poster.

I’m running into a bit of a problem and I’m in search of some guidance and a CPA.

I did a ROBS 401k rollover to a c corp for real estate investing in the spring. My first road block is getting financing with decent rates. My second is that the c corp may not be the best vehicle for buy and hold investing.

My goals:

Short term: 2-4 rental properties in 18 months. SFH or duplex/triplex/quad. Use cash flow to pay personal bills (wife is pregnant and I want a safety net).

Mid term: 4-10 residential properties over the next 3-5 years as capital allows. Use cash flow for expansion.

Long term: Commercial properties once capital is build.

Question:

Based on my goals above, do I continue down the c corp path? Or do I cash out the 401k, take the penalty, and have freedom for financing?

Regardless of direction, I’d like to build a relationship with a CPA to help with taxes and business set up in 2023.