All Forum Posts by: Mark Pinkston

Hey Christina! Christine Bellish is correct. With a Solo401k it functions almost identically to a typical 401k, so you are subject to the same tax implications and early withdrawal penalty when taking money out before the age of 59 1/2. However like Christine also mentioned, with a typical 401k it is possible to take a loan out, the same is true for a Solo401k. As for the rates and timeline that it has to be paid back, the TYPICAL timeline is that you will have to put it back in within 5 years and the 401k plan will typically have it written how many personal loans you can have taken out at one time.

**I am not a CPA or financial advisor**

I do work for a Self-Directed Retirement account provider that offers Solo401Ks though. If you would like to message me, I would be happy to give you the information that I am able to give!

1 Vote

Quote from @Alexander Szikla:

You can certainly manage a certain amount of RE while working without much added stress. However, if you really want to scale, maybe focus on properties where there is already infrastructure in place (i.e. condos with a super) or eat the cost of hiring a manager.

You can always become an LP in someone else's syndication as well and simply write a check

Alexander is right, Syndications can be a great way to passively invest without tying up too much time. They can also be a great way to build your retirement funds by investing in them using a Self-Directed IRA.

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Tampa, Florida

Quote from @Owen Dashner:

The shortcut for this is to join your target city or cities' real estate investing groups and REIA's on Facebook. Every major city has them. Once you are in the group, start watching for who the key players are (you'll be able to tell by their contributions to the posts and discussions). Once you have done that, start reaching out to them and introducing yourself and asking for referrals to the people you are looking for. Trust me, this works. And reach out to the owner of the FB group and introduce yourself. You might consider flying in and attending a local meetup/REIA after you narrow things down to a specific market or markets. A couple of my business partners run an apartment syndication business, I'd be happy to introduce you if you have any interest in that. Good luck to you!

Hey Owen, I would be very interested in getting in contact with your business partners that run the apartment syndication business! Would it be possible for you to introduce me?

1 Vote

Baltimore, Maryland

0 Votes

What sort of preferred returns are you paying your investors on multi-family/Commercial real estate deals?

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All Forum Posts by: Mark Pinkston

Mark Pinkston has started 1 posts and replied 5 times.

Post: Self Directed Solo 401K

Post: How to invest in Real Estate having a 9-5?

Post: Investing with little time/experience

Post: Apartment Syndication Returns

Post: Apartment Syndication Returns