Solo 401(K) want to invest in Real Estate

[Raj G.]

Hi, I need to open a solo 401(k),  buy my concern is I want to invest in real estate, then do I need to go for Solo 401(k) with check control or I can do this without check control also.

also which brokerage help me for this purpose.

[Dmitriy Fomichenko]

@Raj G.

First, to be eligible for a Solo 401k plan you must be self-employed or have a legitimate business with earned income and no full time employees (over 1,000 hours per year) except yourself and your spouse.

If you wish to invest in real estate then you need self-directed Solo 401k, brokerage or major financial institutions will not help. They tent to limit your investment choices to conventional investments such as stocks and mutual funds.

To set up a self-directed Solo 401k you need a specialty provider firm, there are several of us who actively participate on this forum and can help you. Do some some due diligence, search and read previous discussions, select few professionals and then speak with them, then narrow down to the one you wish to work with. The following discussion can be a good start for you:

https://www.biggerpockets.com/forums/51/topics/527...