All Forum Posts by: Justin Windham

Welcome to BP, @Kim Rose! The rental and housing market is an interesting one here in Colorado right now. I wish you all the best. By the way, I'm sorry to hear about your landlord experience. Did your lawyer talk to you about treble damages in connection with the landlord withholding the security deposit unjustly? Just a thought. Again, welcome!

Welcome to BP!

Self-directed IRAs can be great structures for those who are not eligible for a Solo 401k. If you have self-employment activity, but no full time employees, you may want to consider the Solo 401k instead of the IRA LLC.

You can explore your options for having the property divided or the JV / tenants-in-common scenario.

 @William DeHaan, Jay is correct. The bank you choose to open a checking account for your 401k trust is not the custodian. Although some custodians do open Solo 401ks, with a 401k there is no custodial requirement. In the typical setup where you have checkbook control of your 401k, there is no custodian involved and this can save you quite a bit of time and money in the long run.

Thanks, Mark!

A Solo 401k can be a powerful savings and investment tool. But is it right for you?

Hi, my name is Justin Windham. I am the owner of Discount Solo 401k. We specialize in creating self-directed checkbook control 401k plans that can invest retirement funds directly into real estate, among other assets.

I've been creating self-directed retirement accounts since 2003 and the checkbook Solo 401k is the best of the best. If you've been considering a Solo 401k, but don't want to pay big upfront fees we can help. We have low setup fees and options to get started with your plan for as little as $50 upfront. If you'd like to learn more about how the Solo 401k might benefit you, I'm here to help.

For more information, feel free to give us a call, email, or visit our website:

Phone: 800-716-1970
Email: [email protected]
Website: www.discountsolo401k.com

@Jesse Waters We're visiting my mother-in-law in Walhalla (near Clemson). We're having a great time. Before this, my only exposure to SC was Myrtle Beach.

 This is a scary thought. Although it may be tempting to take such a large pre-pay and to help someone out, ultimately this is your business. Hopefully you have some other options that present less risk than renting to these tenants.