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Posted about 10 years ago

Can I borrow/take a loan for 30 years from a solo 401k to buy real est

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QUESTION: Can I borrow/take a loan for 30 years from a solo 401k to buy real estate?

ANSWER: The IRS regulations only allow for a 30 year solo 401k loan pay back period if the proceeds are used for the purchase of your primary residence and if the primary residence mortgage is for 30 years.  Also, the solo 401k providers plan documents have to not only allow for solo 401k loans but also for the 30 year payment period.  To learn more about the solo 401k loan rules .



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