All Forum Posts by: Michael Hammond

@Dmitriy Fomichenko@Brandon HallGentlemen, thank you for the quick responses. I think I got it now. For rentals under the LLC, I should use the SDIRA. For flips under the S-Corp, the Solo 401K. Thus, it's two entities w/ two distinct purposes and thus two distinct alternative investment accounts. The reminder about "passive income" triggered my thinking.

All, I've read there are better tax advantages for using an LLC for rentals and an S-Corp for flipping. I have had an LLC and recently set up an S-Corp to start doing rehabs. I like the control features of the Solo 401K, however, will I need to set up one each for the LLC and the S-Corp? I have done nothing yet.