All Forum Posts by: Todd Goedeke

@ Julie McCoy, lenders do indeed consider STVR income. As a commercial loan with a Master lease in place lenders consider that lease income. And for retirement account investors with enough down they will make a non recourse loan.

@Cass Lowrie You can still invest a Solo 401k in real estate with leverage. Consider using a Master lease which is triple net to achieve passive cash on cash returns of 15-17%. 

Also, if you own a property in your Solo 401k you want to flip as long as all you do is hire contractors to do work, list it for rent upon completion and then sell you could legally do flip in Solo 401k. 

Any attorneys or 401k advisors please comment.

What is wrong with rolling over wife s Retirement plan to Solo 401k of Flipping company in her name?

@ Mike Brecko assuming STRs are allowed by zoning, you can eliminate the concerns of others who replied. You should ask this question in Solo 401k or self directed IRA forum. STR and STVRs are considered a business and as such RE investors looking for a passive RE investment can t manage a business within their retirement plan. Thus, they use Master lease or triple net lease or some lease thereof to achieve 10-12 % return based on property value.

Have a tenant sign a commercial lease on your property. It may even be triple net, where leasee pays taxes and insurance and interior maintenance. Require you be listed as additional insured on insurance policy.

There is less wear and tear on a STR or STVR than in a LTR.They are cleaned after each stay.. Clientele is controlled to some extent depending on type of property you own. Property is only rented 60-70% of time.. Ability and experience of leasee will be number 1 factor in success. Cleanliness and reviews are important to gain bookings.

Make sure tenant has had success running a STR business.

Get a commercial loan for your STVR, non recourse.

@will Gaston, look up. Properties in  olumbia on Airbnb. Some hosts will be property management companies.

@Scott Carson, does Quest offer a checkbook LLC? How about a Solo 401k?

@Haley Grant,does Quest offer a SDIRA with checkbook control? Does Quest offer a Solo 401k?

Example, husband and wife each own a company. Husband has a widget company with W-2 employees working over 1,000 hrs/ yr. His W-2 earnings are 180k. He has a 401k for himself and employees.

His wife has a profitable small business that has no employees and has no business dealings with her husband s company. She is not an employee of her spouse s company. She wants to open a Solo 401k. Can she open a Solo 401k without falling under "control group" rules?

I understand both her and husband can contribute and rollover IRAs to their respective accounts in the Solo 401k. Then they my use Roth backdoor  policy to convert IRAs to Roth .

Control property with lease.

Commercial insurance policy to cover property and liability.