Here at Ignite Funding we offer passive real estate investments that earn investors a 10%-12% annualized fixed income. All you have to do is choose an investment, fill-out some paperwork and send in your funds. Now you can sit back and enjoy your returns, but for Ignite Funding, the work carries on. Today we are giving you a behind the scenes look with Pat Vassar, Director of Underwriting, to see some of what Ignite Funding does in its daily operations to keep these investments passive for its investors.
What exactly is a Solo 401(K) and who qualifies for this type of plan? This plan is exclusively for business owners that have no other full-time employees besides the owner and their spouse. It offers greater flexibility in investment options than your standard employer 401(K), including alternative investments, and greater contribution potential. Businesses that can participate include S-Corps, LLCs, sole proprietorships, partnerships, and C-Corps. This also includes contract work for businesses like Uber, Lift, Doordash and Postmates, even if it is just a “side hustle” you can utilize this type of plan.