All Forum Posts by: David Frol

Yes, if the loan is secure (I would never do otherwise). In addition to promissory note (a document explaining the terms of the loan) you get a deed of trust or a mortgage (an instrument securing the loan).

0 Votes

Originally posted by @Justin Windham:

@Matthew Swearingen

Some investors like to invest into traditional assets as well as alternative assets in their self-directed accounts. Others, especially those who get great returns with real estate will favor alternative assets. There are a few providers that can help you with a self-directed IRA or 401k who post in these forums. Contacting some may be pretty helpful as you do your research.

I like "self-directed" because I get to chose and control my investments.

2 Votes

@Scott Jensen the good thing about Solo 401k is that you don't need to have a custodian!

1 Vote

thanks for your comment Bernard

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just take the distribution, pay the taxes and you are free to use the funds as you wish

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tax strategy is very important to me

1 Vote

talk to a good tax expert/strategist, who will take time to understand your situation and then provide you with guidance

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Good recommendation from Brian

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@Matthew Drouin

Do you think insulting investors who successfully used this vehicle is smart?
Your statements reveal your ignorance on the subject matter...

3 Votes

Mark, give it a try :-). Miss one payment and you will get a demand letter from your lender, late payment will be reported on your credit report and like Dmitri said they will eventually foreclose on you

2 Votes

All Forum Posts by: David Frol

David Frol has started 5 posts and replied 57 times.

Post: Pro’s & Con’s of 401k Self Directed HM Loans

Post: Opinions on SD-IRA vs traditional retirement.

Post: Self Directed 401K transition

Post: self-directed solo roth conversion

Post: Self Directed IRA LLC from an inherited 401k (non spouse)

Post: Describe your ideal CPA firm

Post: SEP IRA Contribution

Post: Legal/tax question regarding self-directed IRA

Post: Using your self directed IRA to buy real estate is stupid!

Post: Can lender demand payment