Let’s elevate your apprehension about using retirement accounts in real estate investing with this year’s second guest, Dmitriy Fomichenko.

Dmitriy will expound on things we need to know about solo 401(k), self-directed IRA, their limitations, and capabilities for real estate. This highly informative conversation will surely be worth your time, so listen until the end of the episode and fortify your financial knowledge!

Key Points & Relevant Topics

• Dmitriy’s background and his story as an immigrant from Russia
• Sense Financial Services, LLC: How it works and the options it provides for its clients
• How does a self-directed IRA work?
• Transactions prohibited and limitations in utilizing a self-directed IRA
• What is a non-recourse loan
• Is it possible to use retirement accounts to fix and flip an investment property?
• How to stay compliant with the IRS in terms of doing transactions within a retirement account
• Who is qualified to establish a solo 401(k) and the advantages of setting it up?

Resources & Links
Apartment Syndication Due Diligence Checklist for Passive Investor

About Dmitriy Fomichenko

Dmitriy Fomichenko is the founder and president of Sense Financial Services LLC, a boutique financial firm specializing in self-directed retirement accounts with checkbook control.  He began his career in financial planning and real estate investing in 2000. He owns multiple investment properties in various states and is a licensed California Real Estate Broker. 

Dmitriy holds a designation of Certified IRA Services Professional from the American Bankers Association. Over the years, he has taught hundreds of investment and financial planning seminars and has mentored thousands of investors. 

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