Giving someone else a loan from a 401k

[Derek Morrison]

Hi, I was wondering if anyone has been involved in originating or receiving loans from a 401k to purchase a property. Not taking a loan from your personal 401k, but loaning funds to someone (or being the person that received said funds from someone else). It seems like a simple enough idea, but what are the logistics of it?

[Brett Synicky]

Quote from @Kevin S.:

@Jeff S.

I am considering using my 401K for REI.

Who/what company are you using as custodian?  How did you vet them?

Reason for choosing lending vs buying actual RE in your SD 401K.

Thanks.  

 There are companies that offer different levels of service.   You can have custodial self directed account or checkbook control.  Mostly look at online reviews and maybe search the BP forums for others experiences with the same company.