Buying through Solo 401k

2 Replies

Has anyone purchased a property using their Solo 401k plan? How was the contract written? Thanks in advance.

@Will King

Do you have a Solo 401(k) plan?  If so, you should be seeking guidance from your plan provider.  This is real basic stuff.

A Solo 401(k) is a form of trust.  Trust vesting is generally trustee name, trust name, so for example "William King, Trustee, King Enterprises 401(k) plan".

@Will King

You can take the title in the name of the 401k trust or as the trustee of the trust, this depends on the state and local jurisdiction. Coordinate this with your plan provider and local title company.