All Forum Posts by: Dmitriy Fomichenko

@Kwanza P.

What other assets do you have in your 401k?

Protect from what?

@Kwanza P. I'm not sure I understand what you mean by "rear of my assets."... Can you elaborate? 

@Kwanza P.

Here you can learn more about non-recourse loans:

https://www.biggerpockets.com/member-blogs/2810/46115-real-e...

Here is a list of lenders offering non-recourse financing to Solo 401k:

https://www.biggerpockets.com/member-blogs/2810/50272-list-o...

You protect your property by purchasing insurance. 

@Kwanza P.

Leveraged means using a loan (leverage) to buy the asset. 

You protect your assets by buying a landlord insurance policy, which comes with dwelling plus liability coverage. 

@Todd Knudson,

Your IRA is not you. It is a separate legal entity. You can't take any deduction on your tax return or claim any depreciation on a property owned by the IRA, just like you can't take deduction or depreciation on a property I own. Hope this helps!

@Kathy Grossart,

A couple of things don't fit here:

1. You can't do 1031 exchange for your share of the MF property. If 1031 is to be implemented it must be done on the property level.

2. 1031 generally does not apply to IRAs since they are tax-exempt. 

3. The accredited investor status question should be addressed by the investment sponsor, regardless of the comments you read here.

@Eric E. Investing in a mortgage fund should not have tax implications for your Roth IRA since the investment is passive.

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@Ryan Daulton,

You don't have to buy a house in SDIRA without a loan; you can easily get a loan, but it must be non-recourse. Here is a list of lenders offering such financing: 

https://www.biggerpockets.com/member-blogs/2810/50272-list-o...

You should never use a debit card or pay for medical expenses from your HSA, ever! This would defeat the triple tax savings @Kaaren Hall described above. Contribute to HSA the maximum you can, then invest to get the best possible returns and wait. Accumulate all of the medical receipts and take tax-free distributions later, 10, 20 or 30 years later. That is how you get the most out of your HSA.