All Forum Posts by: David Frol

Yes, if the loan is secure (I would never do otherwise). In addition to promissory note (a document explaining the terms of the loan) you get a deed of trust or a mortgage (an instrument securing the loan). 

I like "self-directed" because I get to chose and control my investments.  

@Scott Jensen the good thing about Solo 401k is that you don't need to have a custodian! 

thanks for your comment Bernard 

just take the distribution, pay the taxes and you are free to use the funds as you wish

tax strategy is very important to me

talk to a good tax expert/strategist, who will take time to understand your situation and then provide you with guidance 

Good recommendation from Brian

@Matthew Drouin 

Do you think insulting investors who successfully used this vehicle is smart?
Your statements reveal your ignorance on the subject matter...

Mark, give it a try :-). Miss one payment and you will get a demand letter from your lender, late payment will be reported on your credit report and like Dmitri said they will eventually foreclose on you