Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on . Most recent reply presented by

User Stats

18
Posts
4
Votes
Jonathan Choyce
  • Flipper/Rehabber
  • Hawthorne, CA
4
Votes |
18
Posts

Self-Direct IRAs, looking to Invest

Jonathan Choyce
  • Flipper/Rehabber
  • Hawthorne, CA
Posted

My interest is to do Real Estate Investing with the funds, I have been told I should move it into a Self-Directed Roth IRA I'm thinking about having both for the time being, I'm interested in buying apartments with a Partner, or evening doing a loan 🤔 with a down. Payment if I can afford the down payment with out a Partner. As confusing as that is I am looking to increase the profits going into the IRA. A dialog in this arena is hopeful in someone else's experience with this type of Account. Just looking at ideas as what I can do with it. YES I have done a lot of research into it but without experience in using it, makes me just procrastinate on doing anything. FYI I have lost my job, collecting Works comp for the past 2+ years I won't officially retire for 2 more years but have access to my retirement cash after 36 years of working. My attorney tells me my case won't settle until 2022 so I amookinh for ways as a REI to get some things moving. Hope this is not to confusing

Most Popular Reply

User Stats

18
Posts
4
Votes
Jonathan Choyce
  • Flipper/Rehabber
  • Hawthorne, CA
4
Votes |
18
Posts
Jonathan Choyce
  • Flipper/Rehabber
  • Hawthorne, CA
Replied

Got it, Can I transfer a SDIRA into a Roth Solo 401K. if not how can I do this from any of the IRA accounts.

I like Roth IRAs, and researched a lot on the Roth 401K and Solo 401K, I am aware of the IRS rules when it comes to my Self-Directed IRA, which I intended to use to do Real Estate Investing. but I am more interested in keep most if not all of the profits I earn and not pay Capital gains and other kinds of taxes.

I have not retired yet, but lost my Job and I am at the end soon of settling my Workers Comp Lawsuit and than retiring in another 2.5 years. 

I need something that will work for me and not against me if you know what I mean?

Loading replies...