All Forum Posts by: Minna Nah

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Minna Nah has started 0 posts and replied 18 times.

Be sure to use a CPA knowledgeable with real estate investing using IRA to guide your through UDFI

1 Vote

many of our clients are involved in private lending investing from $30K +, there are opportunities out-there...

0 Votes

Frank, we work with several CPAs and I'll be glad to make an introduction for you. PM me if you'd like that.

0 Votes

Originally posted by @Jim Chung:

... I do have a part time contracting work earning about $40K/yr and a full time job with 401K. I will look into solo 401K first, then self directed IRA... Can I do both?

Jim, since you are eligible for a Solo 401k you will find it better option. There is no reason for you to do both, Solo 401k plan will allow you to do everything SD IRA will, unless you have Roth IRA to rollover. IRS rules do not allow Roth IRA to be rolled over into Solo 401k.

0 Votes

Originally posted by @Hament Raju Mahajan:

Yes I am using a trust account attached to my LLC for the SD IRA - QRP. End of the year we have to file a IRS - DOT simple form 5500-EZ as the parent LLC Is 100% owned by us (husband and wife). This form is also very easy to fill up.

Hament, I'm assuming you are referring to SD Solo 401k (not SD IRA)? Form 5500-EZ is not required for IRA, but for the 401k.

0 Votes

Andrew, if you leave those funds sitting at the old 401k - your returns will be miserable (because you have very little control over it). If you set-up self-directed account - you will be in control.

0 Votes

Ryan, we have seen people violate the rules because they didn't have competent guidance. Please follow advice above.

1 Vote

Congratulations Dhar, tax free investing with such returns is awesome!

1 Vote