Solo 401k for RE Investing
I have a cash flowing MF portfolio (about 80 units) and I will be leaving my corporate job soon to 1) be a better Mom to my kids and 2) focus on growing my RE portfolio. My husband and I each have about $500k in retirement savings (401ks, IRÁ, ROTH).
Since I will be leaving my corporate job and effectively self-employed as I manage most of my MF portfolio, can I roll my retirement savings into a Solo 401k and invest in RE with the money?
I understand that any RE earnings would have to stay in the account until I retire. But I wanted to buy 1-2 short term rentals with the money. STRs that I could use for personal use (family vacations) once or twice a year. Can I do that without violating any rules?
If my husband (who has a brokers license on the side of his day job) were to broker the RE transaction my Solo 401k purchases, can he take that commission without violating any rules?
So many questions. Help me!