Reinvesting LLC profits into RE

[Wilson Lin]

I currently have an LLC with another partner. We generate income through web and mobile consulting services. Is there anyway to reinvest that income into real estate as that LLC? What I'd like to accomplish is to be able to be negative or at least $0 income on paper on the buy and hold investments to help reduce the income (and taxes of course) of the LLC.

Would this be possible? How can I go about doing this?

Are there better options to save on taxes? I've been looking into solo 401k, but am still not 100% clear on that. Maybe that would be an option?

[Steven Hamilton II]

Originally posted by @Wilson Lin:

I currently have an LLC with another partner. We generate income through web and mobile consulting services. Is there anyway to reinvest that income into real estate as that LLC? What I'd like to accomplish is to be able to be negative or at least $0 income on paper on the buy and hold investments to help reduce the income (and taxes of course) of the LLC.

Would this be possible? How can I go about doing this?

Are there better options to save on taxes? I've been looking into solo 401k, but am still not 100% clear on that. Maybe that would be an option?

 You will pay tax on that income.  Honestly look for the best returns you can even if it generates taxable income. I'd rather make more money and pay tax on it than to try to not pay more tax.  I'd rather make 2k and pay tax on 1/2 of it than to make 1k and not pay tax.

You will not be able to reduce your income from the LLC unless that LLC held the real estate. Either way I would be careful to not keep both assets together (RE and your business).
Solo 401ks are my preferred investment Specifically the Roth 401k.

Feel free to ask if you have detailed questions.