All Forum Posts by: Brett Synicky

@Brett Synicky A solo 401k is only exempt to the extent of acquisition debt. Promotors usually leverage out at least once.  You are correct that prescribed expenses reduce UBIT, but for how long? 

Stay away from debt financed real estate investments in a self directed retirement account.

Exactly. Loan against a portion of my 401k. My income is high. Across the rest of the US, it's very high. But am looking to reduce risk by working with an existing team that does flips. I have others interested in investing as well, but we want a team who knows what they're doing.

Looking to lend against my 401k for some flips, but I want to work with a team that has flipped before in or around the Bay Area. Sacramento is okay too. If this sounds like you or a team you know, please let me know!

Hi BP Community!

Apologies if this has been asked before. Im considering turning my Roth IRA into a Self directed IRA to fund an investment property to start my portfolio. I do not have a property in mind yet, but I was wondering if it is a good idea.

thanks!

My husband and I are in the process of setting up an LLC under our self-directed IRA. We are just now finding out that we will need a non-recourse loan, so I'm looking for someone who can offer that product or has any advice on this type of situation. Wanted to purchase a 2-4 (possibly 5) unit multi family. Thanks!

 Brett,

Thanks for your note. My apologies for the confusion. I currently have two Limited Partnership investments that Bank Regulators at a Banks Trust department that I have other assets with, are instructing those two LP's to be moved to another Custodian. I don't want to pay a lot in fees for these two Line Item investments that must be custodied somewhere. As I mentioned, there is no income on a yearly basis, and I'M hopeful for a lump sum payment to be paid in the future to this IRA, i.e. for each line item LP. Do you know of a Custodian that will do this for my IRA, without charging significant custody fees? TY again, Sam

I am currently in the process of rolling over $30k from my Roth IRA into a SDIRA with Equity Trust (custodian). I have never invested in Real Estate but I have been wanting to for years and feel that investing in a syndication with my SDIRA could be a good way to get my feet wet. Anything in particular I should look out for? How should I go about calculating things like UBIT? Would it be better to invest in a debt fund/ notes? Any/all insights greatly appreciated!

P.S - My day job is with a Real Estate Investment Management software provider and I talk to GPs all day so there is no shortage of deal exposure on my end... I'd like to leverage these relationships if possible. 

Hi,

I am looking for lenders who would finance non recourse loan for buying single family rentals as i plan to use self directed IRA funds for downpayment. Any recommendations.