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Hello All, I am *thinking* that this is a prohibited transaction, but thought I would check here and get some feedback. I was researching methods of partnering outside of SDRIAs and came across this idea. Say Partner ...
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hi there everyone, pretty new to the site and had a quick question. I have a single member llc set up and I read everywhere that if you want to move funds back and forth between your personal account and your business...
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Like the title says, myself and 4 others are combining money to purchase a house and rehab with straight cash. We will all be contributing unequal amounts but since I'm doing all the work, they've agreed I will get...
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I've read through some posts, but I can't seem to find the answer to my question. I am a real estate investor concentrating on buy and hold properties. I am intrigued by the self directed 401k. I currently max out ...
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Is there a Roth option for checkbook IRA?
If I rollover 100% of funds from a tradition IRA (both contributions and earnings) into a checkbook IRA, Can I buy a RE property with my checkbook IRA funds regardless if the...
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Hello All,
I just wanted to introduce myself, as this is my first day here, and I hope that I can help in anyway possible!
Here is a little about myself:
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I searched through the existing discussions as best I could to make sure I wasn't asking a common question...and I just didn't see it. I believe have learned the ins and outs of a Solo 401k. The reason I want to have ...
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Hi All,
I am new to RE investing. I recently opened a LLC and purchased a single unit property (cash purchase). Goal is to have 4 or 5 units at the moment.
My question:
Is it ok to give out a loan (from my personal ...
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Hey everyone, Two friends (probably former now) bought a house together. Let's call them Jacob and Michael. Yes. Real Situation, no not real names.Things happen, friendship is over for whatever reason.They were doing ...
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I am involved in a 3-way investment on a rental property and we are being forced to sell because of a DOT project. Our profit on this property will be approximately $75,000 and we need to figure out how to split this ...