All Forum Posts by: Peter Thielemann

@Dmitriy Fomichenko

Thank you Dmitrity, with each new post I have more questions. I'm not self-employed so I'm not available for the solo 401k. Therefore can I roll my employer-sponsored 401k into a self-directed IRA with checkbook control?

@Joe Mercer that makes sense. I'm one that stays away from not permitted and I have learned some of the not permitted things within a SDIRA within an LLC.

@Joe Mercer good morning and thank you, would you know if all the related fees tax deductible?

Question, what are the cons of rolling a employer sponsored 401k into a self-directed IRA?

@Dennis Tierney thank you, that's what figured there's no getting around paying the taxes one way or another. Good to know that that can be done with another piece of property, thank you again.

@Dennis Tierney thank you, that makes it very clear. Let me run another thought passed you. If I do the same the second year would I get the same depreciation amount? I'm thinking if I refinanced and with putting another 45,000. in I would get more monthly income from the rental.

Jim Kittridge, What is the likelihood of having to foreclose on a loan default. I'm thinking of the lost time and $ of legal actions and costs involved to resell or rent the foreclosed property. I like the idea of less  involvement in a loan and think when I'm all in I will do both. 

Joe Mercer, ? for you, with your experience what I understand is a tax break or lower tax bracket with W-2 income and owning rental properties with the rental write offs.

If I were to take a 25% distribution from my 401k as Dennis's example suggests. I would be buying a rental outright. Where and who does a cost segregation study to 100% depreciate a distribution? What is the likelihood of getting 100% depreciation on the 25%. I'm looking at a $180,000.00 property. I like the idea that the $ will be outside of an IRA so as not to have any RMD's. With that said, can the passive cash flow go into a ROTH?

@Joe Mercer Nice! And thank you. I'm definitely on the education Fast Track here. I think unfortunately rolling my employer sponsored 401K into a self-directed Roth IRA would be too much in taxes. And the ROI would take too long to catch up. Please correct me if I'm wrong I would get the tax advantages of owning through the SDIRA?

@George Blower question for you? The reason I'm considering and LLC is to protect my personal property. If I where to get an umbrella policy on a rental property( I currently have one on my personal home) would that be sufficient? Instead of setting up an LLC I good go directly through a SDIRA.