General Solo 401k Real Estate Investing Questions
Friday, September 09
Questions on using Solo 401k for rental properties. QUESTION 1) Can we use 401k funds to purchase houses for rental properties?ANSWER: Yes a solo 401(k) may be invested in real estate. Title to the properties would be taken in the name of the 401(k) plan and all expenses and income flow back t...
IRS Automatic 60 Day waivers :Rev. Proc. 2016-47
Friday, September 09
Rollover contributions can be made to qualified retirement plans ( Solo 401(k), 403(b)/(a) and 457(b)) and IRA’s in one of two ways: (1) as a direct rollover from the qualified plan or IRA to another qualified plan or IRA or (2) as an indirect rollover to another qualified plan or IRA. For a ...
Occupy Solo 401k Owned Real Estate
Wednesday, August 31
QUESTION:My family (and therefore my business) is looking at relocating out of state. We’d need about $250k for a home, which would also be the headquarters of my company. Is it possible to borrow from my solo 401k for that sum and what would the implications be? We would be selling our house ...
Transfer self-directed solo 401k to IRA LLC
Sunday, August 21
This post addresses the necessary steps to ultimately close down a solo 401(k) plan because you are no longer self-employed bu the the goal is to still continue to maintain "checkbook control" over your retirement funds . The end result will be an IRA LLC, meaning that you will have an LLC that i...
Serve a Real Estate Agent of Solo 401k Real Estate Purchase
Saturday, August 20
QUESTION:Do you have information regarding actions that government restrict in using solo 401K money in real estate investment? For example, I am a real estate agent and I would like to invest in real estate using solo401K money, is there any regulation or rules saying that trustee (myself) ...
Can My Solo 401k Loan Funds to My Business for Real Estate Investment?
Tuesday, August 09
QUESTION:I have a question regarding a real estate investment. My LLC - XYZ LLC bought a property last year through an assumption.XYZ LLC currently holds title. We are looking to pay off the current lender through a refi. But, before I start down that road, knowing that most lenders for a LLC...