All Forum Posts by: James Shelby

Apparently the link is not working.  I send a separate message with pics attached.

Pictures can be viewed at the following link:

https://www.dropbox.com/sh/j6fo3v3wekgtbzz/AADkjII...

Jim Shelby

2 BR, 1 BA, 1245 SF Turnkey Investment Property in South St Louis City near Gravois Park.  Rental Income is $9000 per year.  Annual expenses (taxes, insurance, property management) $1900.  This is a 13% Cap rate investment with a 1.4% rent to price ratio.  The home is completely renovated with beautiful wood floors, updated kitchen and bath, new windows, roof repairs, and privacy fence in the back yard.  This home has finished family room in the basement, and a sun room that sits off the kitchen.  Amenities include central air, and washer / dryer hookups.  The property is occupied and professionally managed.  

Thanks for your detailed response Mark. 

I have been searching the forums and haven't found an answer to the following. I currently have an SDIRA LLC (checkbook IRA) and invest in real estate part time. I have a full time W-2 job. I have 2 questions:

1.  Do I qualify to set up a Solo 401K as a part time real estate investor?

2. Can an SDIRA LLC be rolled over to a Solo 401K?