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Updated over 5 years ago,
Real Estate Investing via self-directed Solo 401k
Hi everyone!
I'm a newbie currently doing a house hack. I'm hoping to continue investing and would like to use rollover funds from a previous employer to a self-directed solo 401k for the purchase of my next property. I recently reached out to a CPA to see if I could get more information on the tax implications of pursuing this path of investing. He basically told me this was a horrible idea and it's virtually impossible to do this type of investing without violating IRS rules and coming out with a huge tax bill. I would love it if the community could provide some tips on pursuing this route of investing. Would love to hear some feedback on methods for doing this safely and within the constraints of IRS requirements.
Thanks!