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.
Tax, SDIRAs & Cost Segregation
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 over 1 year ago,

User Stats

7
Posts
1
Votes
Ira Bloomfield
1
Votes |
7
Posts

SDIRA - ?? prohibited transaction question

Ira Bloomfield
Posted

We have a multifamily investment where we invested in the LLC on with personal cash. I am a limited partner with no management of the asset. The investment is now in some trouble, and several of the investors are looking to "loan" some money to the LLC to help stabilize the asset. I would like to loan the money to the LLC from my solo 401k. The note could be between the LLC and the solo 401k. It will likely be repaid within several months. I am looking for guidance on whether or not this would be considered a prohibited transaction. I have been told it was "gray". I'm thinking is OK because I am not on the management team but looking for any input from others with experience. Thanks

Ira

Loading replies...