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Updated almost 10 years ago on . Most recent reply presented by

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11
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5
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Roxanne Baisden
  • Property Manager
  • Yorba Linda, CA
5
Votes |
11
Posts

Professional advice needed in Orange County for a SDIRA newbie

Roxanne Baisden
  • Property Manager
  • Yorba Linda, CA
Posted

I am currently a commercial property manager for a local firm in O.C. I'm seeking professional guidance to jump in and invest in real estate through self directed IRA, funded and ready to go. I am in the process of renewing my RE license (which has never been used for a transaction). Not sure I want to do flips or buy and holds but may be interested in investing passively with the right trustworthy individuals. Need great tax advisor to show me all the benefits of RE investing through self directed IRA and to see if I should be doing this full time!

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2,224
Posts
1,130
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Joe Homs
  • Flipper
  • Mission Viejo, CA
1,130
Votes |
2,224
Posts
Joe Homs
  • Flipper
  • Mission Viejo, CA
Replied

@Roxanne Baisden  Welcome to BP.  Lots of questions with your post.  

1.  What kind of account do you have?  Is it truly self-directed or do you have a middle man (company) who has access to your funds and you must work threw them?  I self-directed my money in a truly self directed account with @Dmitriy Fomichenko and have not looked back since.

2.  I have used my money to fund fix and flips in Los Angeles, purchased two condos for buy and hold and currently looking to partner with fix and flips in Orange County.

3. The best thing about using your IRA money to invest is that there are NO taxes to be paid until you withdraw your funds. (Please seek professional advise)

If you would like to meet and discuss some options let me know.  I am currently flipping a home in Huntington Beach and can only meet during the evening hours or on Sunday.

Great investing...

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