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All Forum Posts by: Georges Martin

Georges Martin has started 3 posts and replied 14 times.

Post: Minimum $ amount to open a Solo 401K?

Georges MartinPosted
  • San Rafael, CA
  • Posts 14
  • Votes 5

I know it's vulgar to talk about money, but as of today I have $25,862.64 sitting in a 401K from and old employer. The returns are horrific. 

It's not much, but I'd like to put that money to better use by buying a rental property within a solo 401K. I read that I would need a lot more money to do so, but why? Would fees eat away at my funds? Do I need a larger down payment? Any and all advice is welcome. Thanks. 

This is all incredibly helpful. Thank you for the input!!

Thank you @Jay Hinrichs! Yes, it would be the public side.

I am finding several MLS web addresses for KCMO online. What is the official website?