All Forum Posts by: Mary Kang

@brandon bruckman

Thanks for the quick reply. I don't know what I don't know....what is a DST? Thank you.

I'm a newbie to 1031 and have a SFR rental property that is just today under contract...30 day closing. I would like to 1031 into a NNN or NN Commercial property and have to move fast. I need recommendations on great QIs and someone to help me locate the commercial property. Also, the property is under my personal name, so, can I change that later to an LLC, or does it have to remain in my name forever? I thought I could quit claim it...but again I'm a newbie to commercial. Thank you.

@Jay Hinrichs  Who is Morris that you refer to?

@Brian Eastman

Thanks Brian, that is very helpful information, especially about segregating risk from non-risk assets. 

Would you happen to know good attorneys in GA, who are well versed in Personal Property & Land Trusts?

Thanks again for the advice.

I plan to use my Solo 401K for investing in distressed mortgage notes, real estate and possibly private lending. From a business perspective and identity protection, does it make sense to set up an LLC under my Solo K and funnel transactions through the LLC versus my Solo K? In other words, the assets would be purchased/sold as "ABC Solo 401K Trust" versus "Credit Relief, LLC". I know there is more work and costs associated with setting up the LLC. If the asset ends up in some type of litigation, bankruptcy, foreclosure, etc, does it affect me any differently between being "ABC Solo 401K Trust" and "Credit Relief, LLC"...both for asset and identity protection? I would appreciate any feedback, especially from the other Solo 401K folks.

Thank you!