The Untold Secret to Building Your Ultimate Investing Dream Team—And Why Going It Alone Could Cost You Everything
- Keeps your SDIRA or solo 401(k) compliant and tax-efficient
- Handles necessary filings and helps you avoid UDFI/UBIT pitfalls
- Red flag: If they can’t clearly explain prohibited transactions, move on.
Step 2: Build as you scale (not all at once)
Here’s what smart, staged growth actually looks like:
Planning phase: Set the foundation: Even if you haven’t made your first investment yet, this is where to begin.
- Become your own financial expert or hire a coach, mentor, or fee-only fiduciary who understands the type of real estate you want to invest in.
- Hire a tax pro early to avoid rookie mistakes and uncover hidden opportunities.
- Define your goals, identify available capital, and create your investing game plan.
- Revisit your financial plan and tax strategy at least annually.
Deal funnel phase: Evaluate opportunities: You’re actively exploring operators, markets, and deals.
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