SDIRA vs Solo401k - Multiple Q's
We own multiple commercial properties in our downtown (Series LLC in TX) and have several under contract. We are looking to roll over our traditional IRAs to make the purchase w/ a non-recourse loan. I have read every post I can find on BP (and watched a lot of YouTube videos) about SDIRA vs Solo401k and I am still not sure which way to go. I have read that S401k is not subject to UBIT and other taxes. Also, S401k has no IRS reporting until the total is $250K+?? Is this correct? Is S401k the best route? Who do you recommend to help with the SDIRA / S401k setup? Approximately what is the timeline to get the funds moved?
Also, can our series LLC purchase the properties from the SDIRA / S401k at a later date? Can we have them appraised by an independent appraiser to establish a value? Or does this violate the prohibited transactions rule??? Anything else we need to think about??? Thank you in advance for help/experience/wisdom.
PS: Thanks BP and all members for the wealth of knowledge found on this site, the podcasts, and books. I find myself browsing topics I am dealing with and other topics that I may approach in the future, constantly listening to podcasts and reading.