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Updated almost 4 years ago on .

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Kyle Barclay
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Can my LLC buy property that my ROBS C Corp has flipped?

Kyle Barclay
Posted

Hello all, and thanks in advance for any input/guidance! As the title states, I'm considering using the ROBS 401k structure to fund a fix and flip business. I would prefer to be able to use the buy and hold strategy, but I realize this isn't allowed with the ROBS structure. My question is could I use my LLC to buy and hold the property that my ROBS funded C Corp has already flipped? Or would this be considered self-dealing and a prohibited transaction?