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James Lee
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Solo 401K for real estate investing

James Lee
Posted

Hi,

I am going to open a solo (self directed) 401K account from 1099 income I will earn.

I weighed pros and cons of solo 401K vs SD IRA, and solo 401K is better option for me.

I plan to roll over my previous employer's 401K into the solo 401K account.

I want to invest in real estate syndication (passive investment) from the solo 401K account.

Does anyone have any good recommendation on the company who manages the solo 401K account?

I spoke with fidelity solo 401K adviser, and they do not allow any real estate investing from their solo 401K account.

Thanks.

James Lee

Most Popular Reply

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Brett Synicky
  • Solo 401k and SDIRA Consultant
  • Orange, CA
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Brett Synicky
  • Solo 401k and SDIRA Consultant
  • Orange, CA
Replied

@James Lee a few thoughts.  Do you want checkbook control or custodial?  Check the reviews for companies you’re considering.  Get a good understanding of disqualified parties and prohibited transactions.   
Here are some helpful articles on bigger pockets you can review. 

Solo 401k

Prohibited transactions 

Disqualified parties

Non-recourse lenders

  • Brett Synicky
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