Can i buy land with my solo401k?

Question

I was wondering if i could use my solo 401k to buy land?

Dmitriy Fomichenko · Answer

Brent, this can be complicated. @Karen Margrave recently did something like that, you may want to check with her.

Brent Tatum · Answer

@Dmitriy Fomichenko It is self directed. Is there a way to use the solo401k to buy the land and have another investor build a house on it?

Dmitriy Fomichenko · Answer

@Brent Tatum

assuming that your Solo 401k plan is self-directed (not restricted to stocks and mutual funds as investments), then you can buy land, but only as the investment. You personally prohibited from receiving any benefits from it.

Can i buy land with my solo401k?

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