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Updated about 5 years ago,
Solo 401k through setting up property mgmt company
Hi guys,
Does anyone have any idea what a “reasonable” compensation is from my property mgmt company to pay myself to then take that money to invest in a solo 401k? I’ve heard conflicting ideas that that’s a good way to be able to use a solo 401k and then that it’s not? Can most/all of our rental income get paid out as income? How have others worked this that have used a property mgmt company to set up their solo 401k? Still doing my research...
Thanks!