My wife has changed employers and must make a decision on what to do with her 401k within the next 30 days. We are interested in exploring options for using the money to lend to me towards the purchase of a commercial building or a residential, multi-family unit. What are the advantages and potential issues for each option (commercial vs. multi-family)?
Thanks in advance for any advice!
You are a disqualified person to your wife's IRA and may not transact with her IRA in any direct or indirect fashion. Her IRA can be setup as self-directed and have the option to diversify and invest more broadly, but not into deals that involve lineal family in any way.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you