Using Solo 401k to invest

[Account Closed]

Has anyone use their solo 401k for real estate investment outside of REITs? I've been talking to Schwab and Fidelity( for hours) about opening a solo 401k and they both said that it's impossible to use a solo 401k for the purpose of real estate investment outside of things like REITs. I'm self employed and currently have 401ks and IRAs at a financial institution.

[Stephen K.]

Roger- I'm no expert on solo 401(k)s but I imagine you'd need to roll over your 401(k) to a self directed IRA to invest in real estate. I spoke to some folks at UDirect a while back and they were super helpful. Give them a shout and I'm sure they can give you all the info you need.

https://udirectira.com/