All Forum Posts by: David Frol
David Frol has started 5 posts and replied 56 times.
Post: Pro’s & Con’s of 401k Self Directed HM Loans
- Real Estate Investor
- Irvine, CA
- Posts 59
- Votes 20
Originally posted by @JD Klein:
just curious, you are getting a lien against the RE when you do private lending just like a mortgagor, right?
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).
Post: Opinions on SD-IRA vs traditional retirement.
- Real Estate Investor
- Irvine, CA
- Posts 59
- Votes 20
Originally posted by @Justin Windham:
Some investors like to invest into traditional assets as well as alternative assets in their self-directed accounts. Others, especially those who get great returns with real estate will favor alternative assets. There are a few providers that can help you with a self-directed IRA or 401k who post in these forums. Contacting some may be pretty helpful as you do your research.
I like "self-directed" because I get to chose and control my investments.
Post: Self Directed 401K transition
- Real Estate Investor
- Irvine, CA
- Posts 59
- Votes 20
@Scott Jensen the good thing about Solo 401k is that you don't need to have a custodian!
Post: self-directed solo roth conversion
- Real Estate Investor
- Irvine, CA
- Posts 59
- Votes 20
thanks for your comment Bernard
Post: Self Directed IRA LLC from an inherited 401k (non spouse)
- Real Estate Investor
- Irvine, CA
- Posts 59
- Votes 20
just take the distribution, pay the taxes and you are free to use the funds as you wish
Post: Describe your ideal CPA firm
- Real Estate Investor
- Irvine, CA
- Posts 59
- Votes 20
tax strategy is very important to me
Post: SEP IRA Contribution
- Real Estate Investor
- Irvine, CA
- Posts 59
- Votes 20
talk to a good tax expert/strategist, who will take time to understand your situation and then provide you with guidance
Post: Legal/tax question regarding self-directed IRA
- Real Estate Investor
- Irvine, CA
- Posts 59
- Votes 20
Good recommendation from Brian
Post: Using your self directed IRA to buy real estate is stupid!
- Real Estate Investor
- Irvine, CA
- Posts 59
- Votes 20
Do you think insulting investors who successfully used this vehicle is smart?
Your statements reveal your ignorance on the subject matter...
Post: Can lender demand payment
- Real Estate Investor
- Irvine, CA
- Posts 59
- Votes 20
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