All Forum Posts by: Aleks Gifford
Aleks Gifford has started 15 posts and replied 99 times.
Post: How do I? Roth 401k and Roth IRA
- Lender
- Indianapolis, IN
- Posts 107
- Votes 36
Originally posted by @Don Harris:
@Aleks Gifford there is a presentation at the INREIA meeting next Tiesday evening covering SDIRA
I am planning on attending that meeting. As well as the Thursday Meetup. Will I see you there?
Post: How do I? Roth 401k and Roth IRA
- Lender
- Indianapolis, IN
- Posts 107
- Votes 36
Originally posted by @Jesse T.:
How much do you have in ROTH IRA contributions? Withdrawing your contributions and using them as a down payment might be much simpler than using the IRA to hold Real Estate.
Between the two accounts I have $5k. I have not made this years contribution yet.
Post: How do I? Roth 401k and Roth IRA
- Lender
- Indianapolis, IN
- Posts 107
- Votes 36
One thing it seems is that with a trust company they have to review each transaction and with a financial planner/advisor you can control the transaction with out custodial approval. At least this seems to be my understand based on the 5 web pages I have read through.
Post: How do I? Roth 401k and Roth IRA
- Lender
- Indianapolis, IN
- Posts 107
- Votes 36
I found an interesting article on this:
http://www.marketwatch.com/story/how-to-buy-real-estate-in-an-ira-2013-04-02
Post: secondary markets
- Lender
- Indianapolis, IN
- Posts 107
- Votes 36
Be very careful in these markets. As a lender I am seeing out of state investors getting into trouble. You are a great target for turds in the bowl roses on paper properties. Secondly in Indianapolis new rules are in effect for rental property owners and new crack downs are coming for out of state investors who buy crap and hold on to it with no care or up keep further depressing areas. Great example would be the Riverside neighborhood in Indianapolis. It could be a viable market but the city owns a couple of thousand tax properties and out of state investment and rental/rent to own companies own another 40% leaving those who are buying home to have to buy in cash as the market is nearly selling at 10% of cost to build.
Post: How do I? Roth 401k and Roth IRA
- Lender
- Indianapolis, IN
- Posts 107
- Votes 36
Excellent. Do you have names of some companies that I should consider?
Post: How do I? Roth 401k and Roth IRA
- Lender
- Indianapolis, IN
- Posts 107
- Votes 36
The Roth IRA is a semi self directed through TD Ameritrade but will not let me hold real estate. The Roth 401k is from my old company and is not self directed per say. Can I merge the two funds? If not how can I / where can I place them so I can use them to invest in properties?
Post: How do I? Roth 401k and Roth IRA
- Lender
- Indianapolis, IN
- Posts 107
- Votes 36
I currently have a Roth 401k and a Roth IRA. I need somebody local who can help me figure out how to put those funds to work in REI. Any advisors in INDY that members can refer me to?
Post: Getting started in Indianapolis
- Lender
- Indianapolis, IN
- Posts 107
- Votes 36
One of the commenters brings up a good question. I have a Roth IRA and a Roth 401k. I own a home already. How can I put those in to Real Estate Investing?
Post: Clubs, groups or coffee conversaions in Indianapolis area?
- Lender
- Indianapolis, IN
- Posts 107
- Votes 36
As the title says I am looking for clubs, groups or informal gatherings I can attend besides the INREIA and CINREIA meetups. Any suggestions? I live downtown Indy and work in Noblesville.