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Updated over 12 years ago,

User Stats

42
Posts
6
Votes
LEONID ORLOV
  • Investor
  • Hermosa Beach, CA
6
Votes |
42
Posts

Making a loan for purchasing income property from Solo 401k ..

LEONID ORLOV
  • Investor
  • Hermosa Beach, CA
Posted

I am contemplating to make a loan from my solo 401k to a friend.
The loan will be secured by the property.

I would be interested in a word of wisdom on how it is properly done to avoid trouble with IRS and/or loosing tax exempt status of the funds.

What paperwork is sufficient? do I need to put solo 401k on deed of the property?
Any advice or personal experience would be appreciated

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