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SDIRA questions for a newbie.
I have some money sitting in a 401k account from a job I left about a year ago, not much, about $20K.
I can roll that over to an SDIRA, correct?
Does it matter what strategy you use (Fix & Flip, Buy & Hold, BRRRR, etc) within an SDIRA?
Since it's not a large amount of money, can I use it for a down payment and take a mortgage loan, within the SDIRA?
Can the SDIRA get an HML or PML for rehab costs?
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#1 New Member Introductions Contributor
- Solo 401k Expert
- Anaheim Hills, CA
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#1 New Member Introductions Contributor
- Solo 401k Expert
- Anaheim Hills, CA
@Clay Sellers, I agree with Brian, your investment options will be limited because of the limited amount of capital you have at your disposal. If you decide to use non-recourse loan, one of these lenders might be able to help you:
https://www.biggerpockets.com/blogs/2810/50272-lis...
Another investment alternative you may want to consider is investing into a syndication or note fund.