Self directed roth IRA for real estate
I'm in the learning process about getting into real estate syndication. From my understanding you can invest money from a SD Roth account. Here are some questions I have regarding this.
1. Due to my W2 income I have to fund a roth IRA through the back door. Am I able to back door fund a SD Roth? Where is the best place to do this that would have custodians available to help invest this money into real estate. (Most of my retirement accounts are at fidelity so it is convenient to work through them, but I am not sure they offer this)
2. If I started funding money in a SD Roth account one platform and didn't like it am I able to transfer over to another one.
Off topic questions.
What books do you recommend reading when getting into syndications
How did you learn to do your due dilligence in evaluating syndication
How do you compare the small town syndication with the nationally known ones
TIA
Most Popular Reply
- Solo 401k Expert
- Anaheim Hills, CA
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Well, at this time you don't need a self-directed Roth IRA. I would recommend Vanguard, open Traditional IRA, contribute $6K for last year and $6K for this year, then perform a Roth conversion. Invest into one of their index mutual funds (I like Total Stock Market). Then once you build up enough balance, and have investment in place - setup SD Roth IRA, rollover the funds and invest.
