Newbie located in Sunnyvale, CA
Greetings,
I'm Dwayne Dilbeck. I just converted my IRA to an IRA LLC, thus allowing me to invest in real estate. I am looking to invest out of state. I am currently researching options. I am leaning toward turnkey in Mi, Oh, or In. My planned strategy is rehab and hold.
I am studying for the California Real Estate Sales License. I am also a Notary Public.
If there are any Bay Area RE clubs, I would love to hear about them.
During office hours I am a hardware/software engineer working for an Inteligent Building company.
Most Popular Reply
Welcome to BP @Dwayne Dilbeck!
As Dmitry mentioned, the Solo 401K is a great option. I'm planning to switch to a Solo 401K soon.
The $800 FTB for the IRA LLC could eat up into your profits.