All Forum Posts by: Levi Rudder

@Lee Ancona I don't know anything about the TSP, but you could roll the Roth to a SDIRA account (I use Quest Trust Company, because of their ability to fund deals quickly and the education and support they provide. *I'm not compensated in any fashion by them.) Rolling the funds over and not just funding new accounts would allow you to fund deals faster due to their bigger balance available to work with. But, it would be in an individual account and not a joint account. However, in a lot of states retirement accounts are considered community property and if you got divorced, you could still be entitled to half the balance, if that's what you are concerned about.

What size multifamily are you interested in, and would you have a manager or self manage? A quad you would probably be ok self managing, as long as you don't do the repairs and maintenance yourself while using retirement funds. I'm not an accountant or an attorney.

@Alex Tahnat,. Yeah the title company is going to try to avoid paying you at all costs. But all you have to do is start foreclosure on the property and the buyer would then Sue the title company. You going to them first, is just a way that they could avoid PR damage.

@Alex Tahnat as long as your documents were recorded prior to the sale, then I recommend going to the title company and filing a claim, like Chad said, and let them assume the headache of going after the borrower for repayment rather than you trying to do it yourself, and then your IRA just ending up with a judgement. They will have to take the long term payout rather than you.

@Alex Tahnat

We're the documents recorded? Did you close through a title company when you funded the deals?

@Zechariah Crosby Yes, you can wholesale a note, but if you aren't familiar with the "Notes" then you will be asked a lot of questions that you won't know how to answer, and if you do find a legitimate buyer, you may lose their interest rather quickly because they won't want to waste time talking to a middleman. I would probably try to negotiate a referral fee and put them in contact with the seller so they can get the information they need and you get paid if they end up buying the note. 

Levi

P.S. Sorry for the slow reply.

@Dirk Hooley I owner finance properties myself, I would put a much higher interest rate on the deal myself. The risk also depends on what type of development he's going to be building and where it's located along with the timeline for getting the roads and utilities put in.

 Yes, you would be able to purchase a house as an investment, but you can't live in the house personally. You can only have it for investment purposes only, not personal use.

@Nicole P. Quest Trust Company is also headquartered out of Houston as well.

@Nicole P. An All IRAs are self directed, it just depends on what you can direct the funds into according to you custodian that you have the funds with. A rollover is just a transaction that is made from one type of account to another. Traditional IRA to a Roth IRA, 401K to an IRA, SEP IRA to a Roth IRA, etc... Morgan Stanley, For, and the standard custodians don't allow you to direct your funds into physical RE but custodians such as Quest Trust Company do allow such transactions and Quest is easy to work with from my experience and provide fast transaction funding compared to other custodians that I've heard others have used. I hope this helps!