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Updated over 7 years ago, 05/29/2017

User Stats

39
Posts
15
Votes
John McAuley
  • Investor
  • Oxford, NC
15
Votes |
39
Posts

Can my Solo 401k sell a house to another LLC I own?

John McAuley
  • Investor
  • Oxford, NC
Posted

Hi Guys,

Would it be possible for me to purchase a home with my Solo 401k, fix it up, then flip it to an LLC I use for my buy and hold rentals? Basically I would use the funds in the 401k to purchase my deals, fix them up with funds in the 401k as well, then sell them for a profit to my LLC which would then rent them out long term. Not sure if this is legal but was something I was thinking about tonight, trying to figure out the best way to use those funds to advance my holdings. Thanks.

John

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