Solo Roth 401k / Unique Situation

[Jon Schoeller]

I will try to be as brief as possible about my situation but I do believe it is rather unique. 

What I want to do: I want to set up a Solo Roch 401k this year and have checkbook power of the account for investing in real estate flips. All profit going back to the Solo account of course and being tax-free when I want it all after 59 1/2. 

My situation: I am basically a sub-contracted consultant/CEO for a real estate investment firm. The business is manager operated, me being that manager. But I am not on any paperwork as an owner or employee. I am paid as a 1099 contractor through my consulting business. I don't have any employees of my own which makes me Solo eligible. 

The investment firm takes investor's money and flips houses. I often invest in these flips with my personal money as well. 

The question: Am I still eligible to give the investment firm my Solo Roth money or am I too close? 

Any advice would be great. Thank you.