Can I buy a property with cash or have it financed, then sell it to my SDIRA or Solo-401K plan?

[Sam Leon]

I have a bit of a situation with timing.

I have a good deal baking in the oven, it's moving fast and needs to close quick.

I had intended to create a solo-401k plan for a purchase, but I have been dragging my feet on setting it up. I was going to wait till I have a candidate property, then do it, but now I realize it's too late, most likely it's going to take weeks and seller needs to close fast, even to pay for the EMD I need funds rolled over immediately, so this is not going to happen.

So in order to get this deal done I need to pay all cash or get financing. My question is, after I acquired the property, is it possible to turn around and set up my SDIRA or Solo-401K (and the LLC associated with that), and sell the property as me individually to my Solo-401K plan?