All Forum Posts by: Gail Poyner

@Andrew S. 

Excellent point, but more and more are allowing it surprisingly. I see it happening on a more frequent basis. 

Hi @Brian Adzadi 

Another possibility as opposed to borrowing from your 401k, you could roll your 401k into a self-directed retirement account and use that to invest in real estate. This way you can use the money to invest, but do not have to borrow from your funds. If you're interested in investing with your retirement account feel free to contact me and I would be more than happy to help you out. 

Hi @Scott Streisel! 

Have you considered rolling your 401k into a self-directed account? If you're eligible to roll your 401k into a self-directed account, you can use the self-directed account to purchase the property and the proceeds would then benefit your retirement account. 

Hi @John Dombrowski 

As Adrien had stated before, you can roll your 401k into a self-directed IRA and use your funds to invest in real estate. I work for a company that administers self-directed IRAs and our number one asset held by clients is real estate. If you'd like to chat more about how you can roll your funds into a SDIRA, let me know! I'd love to discuss this further with you.

Good Morning @Jason Deck! 

If you were to purchase property with your SDIRA the down payment would also have to come from the IRA funds. If you were to purchase it, your IRA would be ineligible to have that property since your personal funds were used to hold it.

All funds needed for the property would need to come from the IRA as well. This includes but isn't limited to taxes, utilities, and repair bills. All proceeds from the property would go back to your IRA, such as rental income or the income from a sale if you were rehabbing the home.

If your IRA does not have enough funds and you are still looking to do something along these lines, you could partner with a non-disqualified party or obtain a non-recourse loan. 

@Andrew Merritt definitely understandable! If you ever have any questions or are interested in investing in other alternative assets i'd be more than happy to discuss it further with you. Best of luck on your new investment journey! 

Hi @Andrew Merritt

That's pretty much exactly how you would do it! The same limitations for contributions would apply for a self-directed Roth just as a Roth account. If you are interested in transferring your Roth into a Self-Directed Roth you are more than welcome to PM me. The process is fairly easy once you find an administrator you would like to work with and I would be more than happy to help! 

Hi @Andrew Merritt! 

Real Estate is a viable asset to include in retirement portfolios. Have you considered using a Self-Directed IRA to invest in real estate to pad your retirement assets? It's a great tool.

Hi Cecilia! 

I work for a company that administers self-directed IRAs and it is possible to invest in stocks. Some administrators can give you the option of opening a trading sub account that allows you to pick stocks you are interested in for your investments. We have that option and quite a few people enjoy using it. If you are interested please feel free to send me a message! I would be more than happy to discuss further. 

As an alternative, you could also invest in real estate using your retirement funds. Self-directed retirement plans allow for investors to choose alternative investments, like real estate. If you have an employer sponsored 401k plan you can ask if you can roll it over into a self-directed account to invest how you see fit. Depends entirely on what you would like to do, but I just wanted to present another option. 

Best of luck and if you have any questions on self-directed plans please feel free to contact me.