All Forum Posts by: Jeff Caravalho

Jorge, great question.  Looking forward to some responses on this one.

@Dmitriy Fomichenko Solo401K seems like a much better choice for me. Funny I was advised to go SD IRA...

@Steven Hamilton II, yeah that's a tough one to overcome.  Maybe like @Bryan O. is saying, saving this strategy for bigger (or maybe more) deals where you can take advantage of deferring the taxes to a later date and thus snowball the portfolio quicker in inside the solo401k (or at least as fast as outside of it).  But again, do something like this AFTER your portfolio outside of the solok is off and running (at least have ONE rental for "sheltering your income").  Bryan I've also thought of only notes and such for the solok.

@Mark Nolan it looks like you're thinking along those lines too.

Thanks to all of you, great discussion!

@Bryan O., yes I really like the loan aspect of the soloK, could come in handy someday!

@Doreen Chaisson, good info, luckily my self-employment is a little more Craigslist...

@Steven Hamilton II, can you elaborate on why you feel Notes & transactional funding are better for solok than a rental (or flip),  I too am leaning toward not having "physical" real estate in the solok, but instead, be more of a lender.

I read on another post that IRA custodians don't like solo 401k's because they don't get commission. Can someone explain to me the fees & services for a solo 401k vs a SD IRA. I'm self-employed & had someone recommend the SD IRA over the solo 401K, which counters what others on this forum have said (ie. solo 401K is great for the SE)

Another dilemma I have is the fact I want my 1st rental for the tax advantages, IE. I would like to work on it, manage it, etc. - I know that's prohibited. Question is do I have the cart before the horse? Should I acquire 1st property outside of my IRA to get tax advantages THEN acquire IRA properties after that? Thx.

Thanks for the great posts everyone!

@Joshua Woolls Thanks for sharing & congrats on sticking to your guns, and still getting a house.

@Brian Eastman

"The SoloK can invest in traditional stocks, etc. in addition to real estate."

@Brian Eastman Can the SoloK invest in mutual funds or ETF's?

Leigh Ann, the @ thing work once, but I apparently screwed it up..but thanks, probably need to reboot or something!

"Once the 401k is in place, you can no longer make contributions to the SEP."

Brian, what if I want to keep contributing to the SEP?  Is there an option to do both SEP & solo401K?

I have a Roth, will I have to use that alone (for wall st.), w/ the solo401K (for REI)?

Thx, great info.

Thanks for the info. guys. Mark can a SEP IRA be rolled into a solo 401K? I would think so since they are both for self -employed, thx.