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Updated over 9 years ago on . Most recent reply

User Stats

29
Posts
2
Votes
Ryan Walker
  • Investor
  • Austin, TX
2
Votes |
29
Posts

Disqualified Persons in Solo 401k

Ryan Walker
  • Investor
  • Austin, TX
Posted

I am a realtor, My mother has a high value 401k she is looking to roll into a solo 401k in order to purchase rental properties for her portfolio.  Am I prohibited from acting as the agent on these transactions?? I understand I cannot own any portion of the real estate, nor share in the profits, but I cannot find anything definitive on whether or not I can act the agent.

Most Popular Reply

User Stats

361
Posts
297
Votes
Phil G.
  • Real Estate Broker
  • Massachusetts
297
Votes |
361
Posts
Phil G.
  • Real Estate Broker
  • Massachusetts
Replied

As a disqualified person, you cannot provide services to the plan.

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