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Updated almost 6 years ago on . Most recent reply

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Justin Goodin
  • Investor
  • Indianapolis, IN
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Taking money out of IRA

Justin Goodin
  • Investor
  • Indianapolis, IN
Posted

Anyone ever took money out of your 401K, or had investors take funds out of their 401K to invest in your LLC. What was the process like? Multifamily syndication is the goal.

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Logan Hassinger
  • Specialist
  • Fort Worth, TX
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Logan Hassinger
  • Specialist
  • Fort Worth, TX
Replied

@Justin Goodin

Yes I have experience from both sides; investing in a Syndication using my SDIRA funds, and using investor capital that came from an SDIRA. 

I utilized what's called a checkbook controlled IRA that @Brian Eastman helped setup for me.  My investors for my note deals have utilized a company called Quest Trust IRA to fund the deal. 

Each have their advantages. 

I also put together a small eBook on this topic. PM me if you’re interested. 

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