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Updated almost 6 years ago,

User Stats

302
Posts
106
Votes
Nathan Waters
Pro Member
  • Rental Property Investor
  • St Joseph, MI
106
Votes |
302
Posts

Purchasing rental in 401K

Nathan Waters
Pro Member
  • Rental Property Investor
  • St Joseph, MI
Posted

I am under contract for a duplex with a closing in a couple days. Title company contacted me today to tell me that I can't buy the house in my 401k Trust and that I need to do so in my LLC. I gave them all the docs for my self directed 401K. I can't help but think this is on account of inexperience on the title companies part. I am however doing this for the first time so maybe I'm F--king something up. All my houses that I've bought in the past are in my name or the LLC. Any help? I live in Michigan state if that makes a difference.

  • Nathan Waters
  • Loading replies...