First property through a Self Directed IRA

[Ryan Neuman]

Hello!  I am getting ready to purchase my first rental property through my self directed solo 401k and wanted to see if anyone had some tips and tricks other than the prohibited transactions. I'm using a turnkey company to ensure no issues from the beginning.  Thanks in advance!

[Jared Smith]

@Ryan Neuman make sure you find the right lender that can provide you with options for non-recourse loans within your SoloK, unless you will be purchasing cash. The turnkey company will likely help guide you through this process but also likely isn't specialized in actually handling the SoloK, that will be through another company/part of your team.

We have seen non-recourse rates as low as 7.5% recently from a lender we have worked with.