Self-Directed IRAs and 401k Loans

Posted on Dec 7 2016 - 9:52pm by Lance Edwards


davidcoleReserve Your Consultation CLICK HERE!

Click for Free Copy of David’s Book: Self Directed IRAs: How to Choose the Best Custodian and Save Yourself a FORTUNE

David Cole is recognized throughout the country as one of the foremost experts in structuring self-directed IRA’s and solo 401k plans for hands on real estate investors.

Prior to the Economic Growth & Reconciliation Tax Act (EGTRA) enacted in 2002 people were limited to choosing between a traditional self-directed IRA or the hybrid IRA / LLC often referred to as a Checkbook IRA.

The EGTRA act created a new choice when Congress modified the traditional 401(k) tax code creating a “one-person” plan. This provision in the tax code enables a person with legitimate business activity to transfer their IRA’s and previous employer 401k’s into a personal 401k under their direct checkbook control.

Now investing in real estate can be done quickly and efficiently. The 401k owner can choose from all types of opportunities in real estate such as, tax liens, foreclosure properties, building lots, rental houses, commercial properties and performing real estate notes, to name just a few.

During the last 15 years, working as a professional pension consultant, Mr. Cole has provided specialized training for hundreds of real estate, tax and other financial professionals around the country. He consistently earns rave reviews for his depth of knowledge and for his ability to take complicated financial concepts and break them down into easily understandable blocks of information so that his listeners can have the confidence to make the best choice for themselves.

Reserve Your Consultation CLICK HERE!

Click for Free Copy of David’s Book: Self Directed IRAs: How to Choose the Best Custodian and Save Yourself a FORTUNE

Straight From Our Clients

Here are some comments from people just like you who decided that Wall Street had its chance and now it is their turn. Many had been using a self-directed IRA or Checkbook IRA and were frustrated with the restrictive laws governing IRAs.

They wanted more freedom and flexibility as well as personalized support from experienced real estate investors that understood exactly what they wanted to accomplish.

They found their answer with the ‘Freedom First 401k” and the expertise of David Cole and his team.


“Dave Cole, truly saved my life.  I was in a real financial predicament and didn’t know where to turn.  Dave showed me how to use money that I had amassed in my 401k for a very critical real estate transaction that has truly created a wonderful situation for me and my family.  I just don’t know what I would have done if I hadn’t have met Dave.

He’s an extremely nice individual, he’s very very helpful.  He’s filled with integrity and vision on financial solutions.  He’s always available, if I have any questions I always know I can call him or email him and he’ll get right back to me.  If he can’t answer the question, he is honest about that and he points me to someone who can.  I’ve never ever had one moment’s hesitation in reaching out to him and trusting what he shows me to do on a financial basis.  So I would highly recommend his services, I would recommend Dave as a wonderful person to work with, and I can’t say enough about him.  I just think he’s terrific and I would highly recommend you look at what he’s got to offer.”

Brooke Robins


”Dave has been a real pleasure to work with in setting up our self directed 401K.  He led us through the process and answered our many questions.  He has come to our home with documentation and joined us at the bank when we set up our account to make sure the bank did it correctly.  We appreciate the fact that if Dave is not positive about a question, he always digs deeper and gets back to us with the accurate information.”

Debbie Gaumer


”I have only taken preliminary steps in my investing career and setting up my self-administrated 401K plan was one of those steps.  Although the IRS codes are, as usual, difficult for me to understand and the details are many, Dave Cole has done a fantastic job of simplifying it all for me.  The set up process was quick and easy.  Even though I haven’t made full use of my plan and tried implementing all the advantages the plan can afford me, I am comforted by the fact that each and every time I telephone/email Dave Cole he is there for me.

Dave is extremely knowledgeable and easy to work with. He explains things in a manner that’s very easy to understand. He also realizes that working with money can be emotional and is sensitive to that. Dave is very responsive, returns calls quickly and spends whatever time it takes to address my concerns and know that I clearly understand the process.”

David Pena

Reserve Your Consultation CLICK HERE!

Click for Free Copy of David’s Book: Self Directed IRAs: How to Choose the Best Custodian and Save Yourself a FORTUNE