All Forum Posts by: Jan Ferry-Axman

Thanks much for your info. to all.  Great learning for me, and special thanks to Brian for clarifying and  Dmitriy for making me look at it differently.   Great info. Thanks again all.  Great group for learning. 

Brian and Dmitriy,   I have considered doing  this exactly.  But wanted to be the PM for the property.  I was told this was not proper.  I could neither act as PM or donate time to act as PM.  I find this frustrating.  But do understand after looking at the rules.  Interpretation of unqualified parties -no family, self interest etc.   You must be hiring a PM for the property, correct?   The profit on the property decreases so much by hiring a PM instead of doing it myself it makes me crazy.   It seems some people do this for long term rental? -act as PM for property that their 401k purchased, but not for short term rental.  I am confused by this as we are getting into (intensity of PM work).   Yes Vacation Rental is more intensive management.   Can you lend any clarity.   Should you never act at PM for a self directed checkbook 401k or just for Vacation or short term rental, or am I confusing something.  

Thank you very much Brian Eastman.  Very interesting (an disappointing to me)  But better safe than sorry!  Thanks for clarifying that. 

I have also looked at ROBES plans (Roll Over to Business Start up)  and it was suggested to me that I could use this  to purchase homes (business short term rental, equipment needed is homes and others with homes).      But it is suggested to create a C- corp business when doing this and issue stock.  Stock + any assets owned by business are the self directed 401k's and constitute its value.    Will I run into the same issue??   As the investment is a business who may have a homes (owned and others homes too) to produce revenue?   More complex for sure.    My head is spinning on this all.   Simply trying to use my skills to best invest my 401k for growth.    Frustrating when you know you can invest in VR homes make $ but mostly for others!        

I have a similar question.  I rent short term rentals as PM for others charge standard % of what I can book in revenue.  Can I buy property after setting up self directed 401k and hire my company as property manger for the standard % rate I charge others?    

I understand all revenues Must go into 401k less the operating cost of hired PM (most hire an outside mgr but not really many in my market, and none w/interest I have in making profitable through rental).