getting started with a self directed 401k/IRA

[Jason Braddock]

I have funds in a 401k from a previous employer that would cover a down payment for several investments I have looked into. I have read a few things about them and am just unclear of how to get that setup (through the institution they are sitting in or an institution that specializes in this?) what are the limitations on these and which I should go for (IRA or 401k). if anyone is experienced in this I would appreciate any advice.

[Brett Synicky]

Quote from @Jason Braddock:

I have funds in a 401k from a previous employer that would cover a down payment for several investments I have looked into. I have read a few things about them and am just unclear of how to get that setup (through the institution they are sitting in or an institution that specializes in this?) what are the limitations on these and which I should go for (IRA or 401k). if anyone is experienced in this I would appreciate any advice.

The two options are SDIRA or Solo 401k. As a Solo 401k does not trigger UDFI tax on leveraged real estate it's the better option if you qualify. More info about checkbook IRA and Solo 401k below. Also study checkbook control versus basic custodial accounts.

Solo 401k

https://www.biggerpockets.com/member-blogs/2810/21298-solo-401k-advantages

Sdira self directed ira

https://www.biggerpockets.com/member-blogs/2810/blog_posts/28450-real-estate-ira