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Solo 401k Mobile Home Investment Question
QUESTION:
Can I buy a mobile home as an investment (Rental) with Solo 401k funds?
Can I place that mobile home (as a Rental) in a mobile home park owned by an LLC of which I am a member?
ANSWERS:
While the solo 401k plan may be invested in a mobile home, the mobile home may not placed in a mobile home park owned by an LLC that you are also a member of.
Reason being, it is prohibited for the solo 401k to lease property owned by the solo 401k owner's company.
To learn more about the solo 401k plan rules, visit Solo 401k FAQs.
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