Updated almost 5 years ago on .
Most recent reply
presented by
Solo 401k to fund real estate purchases
Who here has personal experience setting up a Solo 401k or Roth 401k for Real Estate purchase?
Was the process and on-going record keeping a mess? Did you hire a firm or an expert for the process? Has it all been worthwhile?
I have a good chunk of money sitting in an account from a past W-2 job. I'm now self employed and have an LLC for my real estate investments. I'd honestly love to get that money out and use it for another purchase...
Most Popular Reply
#1 New Member Introductions Contributor
- Solo 401k Expert
- Anaheim Hills, CA
- 6,305
- Votes |
- 17,893
- Posts
#1 New Member Introductions Contributor
- Solo 401k Expert
- Anaheim Hills, CA
Actually you do not need a custodian with the Solo 401k plan, it is not required unlike with SD IRA. 401k plan/trust can be setup with account holder being the trustee/plan administrator thus eliminating a middle man (custodian) and all related fees that come with it, not to mention red tape, delays and inconvenience.