If you are self-employed with no full-time employees you may wish to consider opening a Solo 401k instead of a self-directed IRA as it has several advantages over an IRA LLC such as much higher contribution limits, direct checkbook control (i.e. no need to have the account at a speciality trust company), ability to take a 401k loan, exclusion from unrelated debt finance income tax with respect to investment in real estate acquired with non-recourse financing, etc.Can I contribute to both a Solo 401k and SDIRA?

I work for an investment brokerage that specializes in acquiring and selling great real estate investment opportunities.

With $150K, you’re in a strong position to acquire multiple properties, especially in affordable rental markets like Texas, Pennsylvania, Michigan, and Ohio.

Many of the investors i work with start buying in their own name and then move the investments to an LLc after you acquire a few. 

While it is possible to convert an investment property acquired through a 1031 exchange into a primary residence, this requires careful planning.

We just acquired it in Dec 2024

I know a lot of investors do this, they acquire properties and then sell them under their terms, acting as a bank financing a purchase.

And, FMV on 1/6/25 is not FMV today because now you don't have a lot in an established neighborhood, you have a lot in a disaster area which comes with the challenges I listed above.We built about three dozen "fire lot" homes after our fire--all lots acquired off MLS or from owners that came to us (we didn't market for lots), and not at a price that anyone would call a "discount". 

Originally posted by @Chris Seveney:@Charles RobbinsI would say the ability to get a note and mortgage to acquire a home has helped a lot more people than it has hurt.

Are you looking to acquire any more properties like this or otherwise?