Made a post on a Self Storage forum and copying for info purposes.A.

But at what point did you consider yourself at a "tipping point" or at a good spot to invest in a 2nd investment property and how did you go about doing so?

Looking for recommendations on cost seg firms and any tips from those who have been through the process.

You’re on the right track: with a self-directed 401k/IRA, the account or its LLC buys the property, all income/expenses flow through the custodian, and any debt must be nonrecourse with no personal guarantees or prohibited transactions.

Non-recourse lendershttps://www.biggerpockets.com/member-blogs/2810/50272-list-of-non-recourse-lenders-for-self-directged-ira-and-401kSolo 401khttps://www.biggerpockets.com/member-blogs/2810/21298-solo-401k-advantagesSdira self directed ira https://www.biggerpockets.com/member-blogs/2810/blog_posts/28450-real-estate-iraProhibited Transactionshttps://www.biggerpockets.com/member-blogs/2810/44738-prohibited-transactions-for-a-self-directed-solo-401k-or-checkbook-iraDisqualified Personhttps://www.biggerpockets.com/member-blogs/2810/47960-disqualified-person-in-a-self-directed-ira-or-401k

hey y'all. i have a buyer who wants to purchase using her self-directed 401k. she told me that she was advised that she would need to use a nonrecourse loan. i don't have experience with this, so i would love any insight i can draw from the collective here. does anyone have experience buying with their self-directed retirement account?

Quote from @Sheguina Dravk: It depends on the situation, but self managing if something where you have the ability to learn from your mistakes and then take it from there!

I’d love tips from others in similar markets:What platforms or methods have worked best for attracting quality tenants in small towns?

Quote from @Shameka Henson: Hey Ya'll, thank you to everyone for so many informative responses and actually reaching out in text or callsSo I'm getting my first BRRRR ready for the appraisal process and need some tips and tricks.Some tips I've heard - 1. do Not put keyed locks on rooms if you plan to rent by the rooms (put them on afterwards)2.

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