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Sense Financial President Explained Self Directed Solo 401k Plan on Real Estate Podcast

Los Angeles 1/5/2016 5:00:00 PM

In the latest episode of his podcast Real Estate, Money, and More, Shane Willis invited a special guest speaker to the show: Sense Financial president, a seasoned real estate investor and a retirement planning expert. Shane Willis invited Dmitriy Fomichenko to discuss retirement planning options available that allow real estate investment.

Shane Willis is an award-winning Pensacola realtor and best-selling author, who has been helping homeowners and real estate investors for 20 years. Shane often shares his expert knowledge of real estate by teaching conferences and workshops, publishing books, and hosting a real estate podcast named Real Estate, Money, and More.

His latest podcast episode reveals the secrets to unlocking retirement funds to invest in real estate. “Many of today’s consumers are unaware of the possibility of buying real estate in their 401k. Most are under the impression that the only options are what the custodian tells them. This is not the case” says Shane.

Appearing on the show, Dmitriy Fomichenko from Sense Financial Services LLC discusses the possibilities for real estate investors to set up a self directed retirement plan. With a self directed Solo 401k plan or Checkbook IRA, investors are free to make investment decisions without going through a custodian. The Checkbook Control feature of such retirement plans is the key to investment success. The plan owner can write a check or make a wire transfer to fund any investment, maintenance, or any other investment expenses when needed.

During the episode, Dmitriy also discusses other topics that investors often have questions about. For example, plan owners are allowed to leverage their real estate purchase, as long as the loan is non-recourse, meaning it does not require any personal guarantee. The episode also explores different real estate options available to self directed Solo 401k plan owners, from rental properties to trust deeds, and more.

Sense Financial is California's leading provider of retirement accounts with Checkbook Control: the Solo 401k and the Checkbook IRA. Over the years, they have assisted hundreds of clients in obtaining checkbook control over their retirement accounts while providing them with the ability to invest in virtually any investment class, including real estate, private lending, mortgage notes and much more without the need for custodian approval.

To learn more about the small business retirement plans they provide, please visit sensefinancial.com.

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  • 155 N Riverview Dr. Suite #100
    Anaheim , California 92808
    USA
  • 1-(949) 228-9394