All Forum Posts by: Justin Windham

@Alonzo Garza

As others have mentioned, yes it is possible to combine retirement funds with your spouse's retirement funds for investment purposes. Do seek the proper guidance to be sure it is done correctly.

Also of note, a non-recourse loan may be helpful in obtaining real estate with your retirement funds.

A lot of "self-directed investors" in my area get together at various real estate investment meetings. The groups typically include those with self-directed accounts held at a custodian as well as though with checkbook control whether through an IRA LLC or through a Solo 401k. Perhaps there are similar meetups, investments groups, and clubs in your area.

I'm Justin Windham with Discount Solo 401k. We specialize in low cost Solo 401k plans that allow for investment into real estate, among other asset classes. These plans are incredibly flexible and if you're eligible, are generally the best retirement structure you can have. The Denver branch of the Association of Realtors recently posted on their blog one of our write-ups on how a Solo 401k can help real estate brokers as well as their clients: http://www.dmarealtors.com/how-can-solo-401k-help-...

Feel free to contact us to learn more about how a Solo 401k may benefit you or someone you know.

Discount Solo 401k
www.discountsolo401k.com
[email protected]
800-716-1970

 This is exactly right.

@Jeff G.

I believe @Aaron Montague is recommending that you do allow for subletting when he said "Be ready and willing to accept subletters." Not that you put a no-sublet clause in the contract.

@Linda Weygant, have you found any notable differences between Prosper and Lending Club from the lender perspective?

Agreed, a self-directed IRA does not require self-employment activity, but a Solo 401k does. If you're eligible for a Solo 401k, there are plenty of benefits this plan offers above a self-directed IRA or IRA LLC structure.

Depending on the intended use of the property (as well as management and any rehab and maintenance), a self-directed IRA may be a good choice because it will preserve your retirement funds allowing you to avoid taxes and penalties and continuing to defer taxes on the investment.

Most people will cringe a bit when they hear mention of a distribution of retirement funds to purchase a home, especially if this is an early distribution.

Thanks, Craig. On the American IRA website, the Solo 401k page references a need to submit Buy Direction Letters and Payment Authorization Letters. These added administrative tasks are typical of a custodial 401k rather than full checkbook control 401ks. Is American IRA a custodian?

Hi, We're Discount Solo 401k and we offer checkbook control Solo 401k plans at affordable rates. Justin Windham has over 10 years of experience in self-directed IRA and 401k investing. He'll be happy to talk with any Bigger Pockets members free of charge to see how we might be able to help.

IRS-approved checkbook control Solo 401k plans are a great way to get more money into real estate, save money on income taxes, or use participant loans to help with financing your own projects.

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

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

https://www.biggerpockets.com/companies/DiscountSo...

@Jack Butala

Wow, that's really impressive! I'm going to check out your ebook.