Maybe I am confusing the terms used to describe the accounts but what I am after is to create a self directed retirement account so I can invest in real estate. As a business owner with employees I already have a 401K...
Hello All,I'm considering many investment strategies for my SDIRA. The two that I'm most interested in is turnkey properties that I would buy and hold and the BRRRR strategy. My questions is regarding the BRRRR option...
Hi BPLocated in Columbia/Rockville, MD if there's a CPA/RE Attorney anyone can recommend. I'm self employed (S Corp) with a handful of employees in a non RE related company. I'm married with two kids under 1 yo. I hav...
Do you have to have different umbrella insurance policies for different categories? Or is there an insurance company that will do one umbrella and cover it all?
For example:
I have one umbrella for my h...
He works for my construction business. I am the owner not him so he doesn't have that coverage. However what he would be self directing into would be an apartment syndication outside and separate from our construction...
Hello BP,I am interested in switching my 401K over to a self-directed IRA. Does anyone on BP know how this process works?
So I've been sitting on $45k of cash in my Roth for some time now, and I can no longer make contributions due to IRS limitations. I'm wary of sticking it into the stock market like I did since I graduated college in ...
We had a conversation with our CPA today and in the course of that a few 'new' ideas came up.I'm wondering for those that have utilized checkbook control for a business under a self directed IRA, then for instance don...
I purchased a rental property several years ago using my home equity line of credit from my primary residence. Can I now refinance my rental property using my self directed IRA to pay off my line of credit and transfe...
I am looking at opening a SD-IRA. I know that in order to get leverage in a SD-IRA it must be a non-recourse loan. I have found some local properties with great returns that the owner wants to finance. Am I going t...