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All Forum Posts by: Kalib Williams

Kalib Williams has started 20 posts and replied 36 times.

Post: Self Directed 401k Heloc

Kalib WilliamsPosted
  • Rental Property Investor
  • Greenville, SC
  • Posts 39
  • Votes 5

@Brian Eastman I do not currently have a solo 401k I do though have a new LLC that currently hasn't begun operating. I was asking the questions because I was curious on the rules and if I may benefit from incorporating a solo 401k plan along with the current LLC business model.

Post: Self Directed 401k Heloc

Kalib WilliamsPosted
  • Rental Property Investor
  • Greenville, SC
  • Posts 39
  • Votes 5

@Brian Eastman I have one more question I'm curious about , I know a self directed 401k LLC is not allowed to apply for a business credit card because I must sign for it personally, but can the 401k obtain the LLC if the LLC already has a business credit card that I previously signed for personally to build business credit the and also possibly a mortgage that I signed for because they would not lend to business in the beginning I had to personally sign too?

Post: Self Directed 401k Heloc

Kalib WilliamsPosted
  • Rental Property Investor
  • Greenville, SC
  • Posts 39
  • Votes 5

@Brian Eastman Thankyou for your knowledge and clarification!

Post: Self Directed 401k Heloc

Kalib WilliamsPosted
  • Rental Property Investor
  • Greenville, SC
  • Posts 39
  • Votes 5

@Brian Eastman what about through a private lender

Post: Credit Card with a self directed 401k LLC

Kalib WilliamsPosted
  • Rental Property Investor
  • Greenville, SC
  • Posts 39
  • Votes 5

I know a self directed 401k LLC is not allowed to apply for a business credit card because I must sign for it, and am permitted via disqualified persons rule....but, can the 401k obtain the LLC if the LLC already has a business credit card that I previously signed for personally to build business credit the and also possibly a mortgage that I signed for because they would not lend to business in the beginning I had to personally sign too?

Thankyou.

Post: Self Directed 401k Heloc

Kalib WilliamsPosted
  • Rental Property Investor
  • Greenville, SC
  • Posts 39
  • Votes 5

Is it allowed to obtain a heloc on a property owned by the LLC and the LLC is owned by a self directed 401k?

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