Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago,

User Stats

52
Posts
24
Votes
JC Conchas
  • Investor
  • Torrance, CA
24
Votes |
52
Posts

Solo 401K for real estate purchase

JC Conchas
  • Investor
  • Torrance, CA
Posted

Hi everyone,

I'm leaning towards opening a solo 401k vs a SDIRA, for buying and holding multifamily properties. But I have a question that I would like answered before I can make a final decision.

My question is, I understand all expenses and rental income go into and out of the account. But, after I buy and hold, which is what I intend to do, how long must I have an account thru the company that sets it up for me. I know the solo 401k account at the bank will be open, because of the income and expenses of the properties. But if I use "xxx401k" company to set it up and all necessary paperwork, will I have to pay the yearly maintenace fee for ever? Even after I buy 5 properties, and am just sitting back collecting rental income.

I didn't find anyone mention this. This would be the final determing factor of a solo 401k vs SDIRA. Paying a few hundred dollars a year for 20 or 30 years? And I assUme the yearly maintenance fees would increase at some point. 

JC

Loading replies...