Speak with a Broad specialist:
(800) 395-5200Schedule a CallOpen an Account
Speak with a Broad specialist:
(800) 395-5200Schedule a CallOpen an Account

August 9, 2018

Real Estate Retirement Investing: Real People, Real Stories

Welcome to the first installment of our "Real Estate Retirement Investing: Real People, Real Stories" Series. Each week, we will bring you the success stories some of our clients have had investing in Real Estate with a Self-Directed IRA or Solo 401(k) with Checkbook Control.

Today, we focus on Jeff and Danise R. from Murphys, CA:

Jeff and Danise's Background

Jeff is a contractor on the West Coast. Danise is an instructor at a local college. When they began to take a closer look at their retirement funds, they realized that the standard platforms weren’t delivering enough of a punch. So they decided to get their own education – in the school of high performing real estate!

Jeff and Danise’s Investment

Jeff and Danise had spent time in Kauai, and were familiar with some of the real estate there. They knew they could make money with an investment property, but they didn’t know how to finance it. That’s when Danise heard about Broad Financial and the Self-Directed Solo 401(k). By transferring their funds to a Self-Directed account, they were able to purchase a condo in Kauai. Once that was done, the stage was set for a hassle-free retirement income.

To rent out the condo, Jeff and Danise went with a service that schedules short-term renters according to their vacation plans. This service provides an easy-to-access online format which allows property owners to handle reservations, paperwork, and other aspects of the rental process. Cleaning services are similarly set up to follow the resident schedule. Now all Jeff and Danise have to do to work their retirement funds is take a once-a-month trip to their local bank – and deposit the monthly rent check!

Advice and Pointers from Jeff and Danise

  • Starting off with a self-directed plan means getting an intimidating package of papers. Don’t worry. Just work your way through, (and ask your questions as they come up), and you’ll see it’s really not that hard.
  • Expect a little bit of a delay if you’re rolling over funds from a previous account. You can deposit them in your new plan right away, but getting them from your previous provider can prove to be something of a drag. Plan your timing accordingly.
  • Don’t be afraid to be tenacious as you push forward. Once you get the process worked out, it should work smoothly from there.


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