Comments on: Resources http://www.jeffnabers.com The No-B.S. Guide to Building Real Wealth in Your Self-Directed IRA or Solo 401k Wed, 11 Apr 2012 17:02:28 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Barry K. http://www.jeffnabers.com/my-services/comment-page-3/#comment-52794 Barry K. Mon, 12 Mar 2012 04:32:27 +0000 http://nabersgroup.wordpress.com/?page_id=150#comment-52794 I understand that I can open a self-directed IRA and use the funds to purchase foreign real estate (rental home) for investment purposes. Also, that I may not personally use that real estate to my own benefit. If I were to retire at 62 (a year from now), and decide to utilize that real estate as my residence, is there any way to do that by taking a distribution from the IRA? I understand that I can open a self-directed IRA and use the funds to purchase foreign real estate (rental home) for investment purposes. Also, that I may not personally use that real estate to my own benefit. If I were to retire at 62 (a year from now), and decide to utilize that real estate as my residence, is there any way to do that by taking a distribution from the IRA?

]]> By: Charles http://www.jeffnabers.com/my-services/comment-page-3/#comment-46743 Charles Fri, 23 Dec 2011 17:15:31 +0000 http://nabersgroup.wordpress.com/?page_id=150#comment-46743 If I make money on my self directed 401 k plan from buying and selling stocks on the open market, then i withdrawl my plan before retirement, am I taxed only on the money i put in or am i taxed heavy on the profit i made as well? if so what rate (s) could i expect to pay? Thank you, Charles If I make money on my self directed 401 k plan from buying and selling stocks on the open market, then i withdrawl my plan before retirement, am I taxed only on the money i put in or am i taxed heavy on the profit i made as well? if so what rate (s) could i expect to pay?

Thank you,
Charles

]]> By: Stan http://www.jeffnabers.com/my-services/comment-page-2/#comment-39784 Stan Wed, 24 Aug 2011 08:25:19 +0000 http://nabersgroup.wordpress.com/?page_id=150#comment-39784 Jeff, is it true that once you fund the IRA LLC you cannot put any new funds into the LLC? Jeff,
is it true that once you fund the IRA LLC you cannot put any new funds into the LLC?

]]> By: Jim H http://www.jeffnabers.com/my-services/comment-page-2/#comment-39693 Jim H Sun, 21 Aug 2011 07:03:43 +0000 http://nabersgroup.wordpress.com/?page_id=150#comment-39693 Jeff, Great informative site here. I have a self directed IRA with Entrust Retirement Services in Houston, Tx. I have a business proposal from an experienced realtor here, we want to flip houses together. ***He will secure a loan for the initial purchase of a house. ***I will fund the rehab from my IRA to his LLC. ***We then sell the house. ***We will split the profits 50 / 50. I need to know what I need to do on my part to make this happen...form my own llc (in or out of the IRA), partnership with him, etc; Also, would it be possible to take a salary from his llc in any way shape or form (or from my profits) or would that be prohibited? My plan would be to take a 10% salary from my profits if possible. eg: my profit= $15,000 for a salary of $1,500 Jeff,

Great informative site here. I have a self directed IRA with Entrust Retirement Services in Houston, Tx. I have a business proposal from an experienced realtor here, we want to flip houses together.

***He will secure a loan for the initial purchase of a house.
***I will fund the rehab from my IRA to his LLC.
***We then sell the house.
***We will split the profits 50 / 50.

I need to know what I need to do on my part to make this happen…form my own llc (in or out of the IRA), partnership with him, etc; Also, would it be possible to take a salary from his llc in any way shape or form (or from my profits) or would that be prohibited? My plan would be to take a 10% salary from my profits if possible.
eg: my profit= $15,000 for a salary of $1,500

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