Growing Solo 401K via Note to Trustee?
I have a self-directed 401K (solo 401k), and purchasing real estate for buy and hold.
However, I would like to grow it by taking after tax dollars (W2) and issuing myself a promissory note of 50K but instead of doing “minimum” payments of prime + 1%, could I artificially increase it to say prime + 5%?
Is there a max limit?
Also checking with my custodian but wanted to solicit input on whether that would be ”prohibitive”.
Thanks for the input.