All Forum Posts by: Zoran Stanoev

Steven, I'm no expert in this area, but from what I understand, that's just one option, and it sounds like one of the harder options.  

To be able to self-direct your 401(k), any investment needs to be at arms-length.  Basically, you're not allowed to use it as you would a personal bank account.  

I also think you left out a very crucial piece of information.  What's the relationship between you and your partners?  Are they your friends and you've reached a verbal agree to that you're partners, but you're providing most of the funding because you have it?  Or, have you and your partners formed a legal entity?  Or entered into some other type of contract?  

I'd get this last part figured out because it will also play a role in what or how you do anything.  

All the best, 

Zoran

Hi Scott.  I'm in the Chicagoland area.  Finding mostly single family homes.  Is this in your wheelhouse?  Do you have any boots on the ground here?  Let me know.  I'm leaving town, but would love to chat next week. 

Thanks all.  This community seems great!

Majdy, I'm in the northwest suburbs by O'Hare.  

Hello BP Nation!  Excited to be here!  I'm a buy and hold real estate investor (and part-time wholesaler) in the Chicagoland area.  Excited to get to know everyone!