I purchased and renovated a property via my self-directed 401k. The plan was to get a nonrecourse loan to cash out refi and rinse and repeat. I’ve run into a little difficulty because of the mortgage fraud that has hit Baltimore and Philly. Lenders are backing out of funding both cities right now. What other options do I have to get cash out of the property and back into my 401K to rinse and repeat?

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Join us tomorrow (Tuesday, Oct 21) at 11 AM (ET) for our weekly Coffee Hour ☕️ This week, I’ll be joined by Joel Landon — a seasoned expert in self-directed retirement accounts who’s been helping people take control of their retirement capital for years. If you’ve ever wanted to understand how SDIRAs or Solo 401(k)s actually work in real life, this is one you don’t want to miss. 📅 Tuesday, Oct 21 at 11 AM (ET)📍 Join via Zoom: https://us06web.zoom.us/j/89036340079

What’s the biggest question or point of confusion you still have about self-directed retirement accounts?

I have a friend who's trying to look paper poor. He's runs multiple businesses that do well, builds new construction and is going into larger ventures. I was curious to see what was excluded from calculating his net worth and one of the items was retirement accounts. I immediately thought of ROBS. Would it be possible to stacks of cash into his retirement account and then go the ROBS method or are there contribution limits? If this path was possible for him, would the move be to fund the ROBS, start the business and then pay himself a salary? Are there any other ways to get paid for today money outside of a salary or is everything else funneled back into the retirement account?