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Posted about 9 years ago

Solo 401k Mobile Home Investment Question

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QUESTION: 

Can I buy a mobile home as an investment (Rental) with Solo 401k funds?

Can I place that mobile home (as a Rental) in a mobile home park owned by an LLC of which I am a member?

ANSWERS

While the solo 401k plan may be invested in a mobile home, the mobile home may not placed in a mobile home park owned by an LLC that you are also a member of. 

Reason being, it is prohibited for the solo 401k to lease property owned by the solo 401k owner's company.

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To learn more about the solo 401k plan rules, visit Solo 401k FAQs



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