Rental Housing Industry to be the Focus of Upcoming Conference

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The nation’s largest association of apartment owners hosts its annual conference for real estate professionals, investors, and owners. Sense Financial Services, California’s leading provider of the Solo 401k and other self-directed retirement accounts, will serve as a sponsor of the event.

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The advantages of the Solo 401k appeal to real estate investors

The largest rental housing trade show in California begins this Thursday, April 25, 2013 at the Long Beach Convention Center. The Million Dollar Trade Show and Landlording Conference is the premier annual event of the Apartment Owners Association of California. The event includes seminars and exhibits for members of the rental housing industry. Conference attendees will include rental housing professionals, property management companies, portfolio managers, and real estate investors.

California retirement account provider Sense Financial Services will serve as both sponsor and exhibitor at the annual event. As the state’s leading provider of self-directed retirement accounts with “Checkbook Control,” the company works with a large number of professionals and investors in the real estate industry. Their booth will highlight the self directed retirement plan, the Solo 401k.

Also known as the Individual k or Solo 401k, the plan is a traditional 401k that has been simplified for the self employed and small business owner. The advantages of the Solo 401k appeal to many real estate professionals and investors who qualify on the basis of their small business or self-employment. Solo 401k rules for eligibility can be met even if the qualifying self-employment occurs on a part-time basis.

One of the advantages of the Solo 401k is its wide range of investment options. The IRS-qualified plan allows investment in non-traditional assets, such as real estate. Foreclosures, notes, commercial and residential properties can be purchased as investments using the retirement plan. This investment capability allows retirement savings to be truly diversified. While traditional 401ks are often limited to only traditional assets, such as stocks and mutual funds, the Solo 401k allows investment in both traditional and non-traditional assets.

The Solo 401k also allows transactions to be made without custodian consent. Because the plan participant can administer the account as trustee, he or she can direct the funds without the additional delays and fees of obtaining custodian consent.

Additional features of the plan include a loan feature and a Roth sub-account. The loan feature allows up to $50,000 to be borrowed from the account for any purpose. The Roth sub-account of the plan allows after-tax dollars to be contributed to the account. These contributions can grow within the account and be withdrawn at a later time, tax-free.    

The Solo 401k will be featured in the exhibit hall of the upcoming trade show. The trade show will also include seminars and exhibits highlighting real estate investment strategies, laws, and issues in property management. The host of the event, the Apartment Owners Association of California provides professional guidance and resources to the rental housing industry. It is one of the largest apartment associations in the nation, and its publication is the most widely circulated magazine in the industry.

About Sense Financial Services:

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 obtain 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 solutions they provide, please contact: (949) 228-9393.

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Dmitriy Fomichenko
Sense Financial Services
(949) 228-9393
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