Note buyers: Solo 401(k) vs Self-Directed IRA LLC
Hi BP,
Like many buy-and-hold REIs, I'm getting hung up on what entity to form with regard to investing in notes.
Have most of you formed an LLC? My understanding is that some exchanges will only sell to an LLC or company, as opposed to an individual.
And for those of you using a self-directed retirement account, have you formed a SDIRA LLC or are you using a solo 401(k)?
Currently, my wife and I own several rental properties in our name -- not in an LLC. For note buying, I'm planning on rolling my traditional Roth IRA into a self-directed Roth IRA LLC.
Your collective knowledge on the subject is appreciated!
Thank you,
Neil