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Updated over 9 years ago on . Most recent reply

Tony C.'s profile image
Tony C.'s profile image
Tony C.
  • Investor
  • from Atlanta, GA
  • Member since Sep 30, 2015

User Stats

34
Posts
4
Votes
Tony C.'s profile image
Tony C.'s profile image
Tony C.
  • Investor
  • from Atlanta, GA
  • Member since Sep 30, 2015
Tony C.
  • Investor
  • Atlanta, GA
4
Votes |
34
Posts
Foreclosures

Buying foreclosure house at county auction using solo 401k funds

Tony C.
  • Investor
  • Atlanta, GA
Posted

Hi, I'm thinking of using solo 401k funds to purchase a foreclosure property at a county courthouse auction. One of the rules is: 

"100% of funds due at time of sale in Cashier's checks made payable to the bidder as a natural person (Not as a Legal Entity)"

Will I be able to use solo 401k checks to purchase if I wanted to? 

I'm not sure about this since I assume I will be potentially giving them checks in the name of my solo 401k's trust. Is there a way around this?

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