Name: Dmitriy Fomichenko

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Web Site: http://www.sensefinancial.com/

Bio: Dmitriy is a President of Sense Financial Services LLC, and started his career in financial planning and real estate investing in 2000. For over 7 years he worked for the one of the nation’s largest Real Estate Investment Networks as a Mentor and Educator. He owns multiple investment properties in various states and is a licensed CA Real Estate Broker. Over the years he instructed dozens of investment & financial planning seminars and mentored hundreds of investors. Dmitriy founded Sense Financial in order to help his clients maximize returns on their investments while protecting their hard earned money utilizing self-directed retirement accounts: Checkbook IRA and Solo 401k. He is very passionate about helping families and individuals achieve financial freedom by following proven Biblical principles of financial planning and investing.

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    Managing Property Owned By A Qualified IRA Plan

    June 12th, 2013

    Property_Management_IRACan the property owned by the Qualified Plan be managed by the account holder (or trustee of the plan)?

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    10 Legal Tips For Hiring A Contractor

    May 14th, 2013

    Springtime is “fix it” time.  After a winter of pipes burst from freezing, gutters bowed by snow and spending time in a “too small” house, spring is the time to catch up on household repairs or add additional space at home. For those projects that are too big or too complex for the “Do-It-Yourselfer”, a building contractor, plumber, carpenter or other tradesman is essential. Read the rest of this entry “

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    The Solo 401k Plan: Are There Rules And Regulations I Should Know First?

    April 4th, 2013

    real estate investingHave you ever wondered how a Solo 401k plan works and what makes it different from the more traditional 401(k) plan?

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    Benefits Of Solo 401(k) Plan

    February 19th, 2013

    real estate investingFor small business owners, sole proprietors and independent contractors, a Solo 401k plan is a perfect investment option.  Any business (including sole proprietorship, LLC, corporation, or partnership) with no employees other than the owner(s) may adopt this plan.

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    In-Service Distributions: Is It An Option For Your 401k?

    February 6th, 2013

    real estate investingIs it possible – or even prudent – to roll over funds from your 401(k) plan into self-directed IRAs? If you’re at least age 59½, the answer could be yes.

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    Cut Your Tax Bill By $10,000 With Solo 401k!

    January 8th, 2013

    real estate investingIf you are self-employed or have a small business, the idea of a 401k may make you jump to two conclusions: “My company is too small” and “I can’t afford it.” Well, you’re not … and you can!

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    Use Solo 401k To Invest In Real Estate

    December 10th, 2012

    real estate investingUse Solo 401k or Checkbook IRA to invest in real estate, there is no better time to do it than it is now. Housing market is at the bottom, you can buy investments houses at nearly half of the construction cost in many markets.

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    Retirement Plan For Real Estate Agents

    November 6th, 2012

    Self-Employed? Shelter more of your income with Individual 401 kThere’s never been a more important time to protect and grow your retirement funds. If you are self-employed real estate agent and your plans include investing in real estate, mortgage notes, tax deeds or liens, a Solo 401k plan could be the answer.

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    Should I Invest In Real Estate Using My IRA Or Solo 401k?

    October 3rd, 2012

    MP900422277Someone recently made a comment to one of my articles that it would be better to purchase real estate outside the Self-directed IRA or Solo 401k because of more favorable tax treatment.  Here is my answer to that comment:

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    Real Estate Investing With Solo 401k

    September 7th, 2012

    Real Estate Investing with Solo 401k can be very powerful!

    Many people mistakenly believe that their retirement accounts must be invested in stock or mutual funds. Intelligent educated investors realize that the IRS has always permitted real estate to be held inside retirement accounts. Real Estate investing with a Solo 401k are fully permissible under the Employee Retirement Income Security Act of 1974 (ERISA). IRS rules allow you to engage in almost any type of real estate investment, except from any investment involving a disqualified person.

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