ForumsReal Estate InvestmentsAnother Recordkeeping Question

Forums Solo 401k Real Estate Investments Another Recordkeeping Question

  • Another Recordkeeping Question

    George Blower replied 2 years, 8 months ago 2 Members · 2 Posts
  • 1 Reply
  • Valerie C.

    Top SubjectSolo 401k Contributions,Solo 401k
    Top ForumsSolo 401k Contributions, Solo 401k

    Valerie C.

    Valerie C.

    Top SubjectSolo 401k Contributions,Solo 401k

    October 22, 2021 at 8:26 am

    Is there a post on the site that explains the various forms and how to use them? Specifically, my 401K bought an Option on Real Estate, then exercised the Option (bought the property), and now it receives monthly rental income. Which forms should I be using and are they all mandatory (like deposits for the monthly income)?

    Valerie C.
  • George Blower

    Top SubjectDaily Live Webinar,Solo 401k
    Top ForumsDaily Live Webinar, Solo 401k

    George Blower

    George Blower

    Top SubjectDaily Live Webinar,Solo 401k

    October 22, 2021 at 10:28 am

    @Galpal

    Valerie C.

    Top SubjectSolo 401k Contributions,Solo 401k

    Thank you for posting your question!

    1) Our clients are investing in many many different types of investments and we have a wealth of information on our website regrding how to invest Solo 401k funds in various investments. For example, you can search the links at the bottom of the following page: Investments – My Solo 401k Financial

    2) Please see the following considerations regarding investing Solo 401k funds in real estate:

    · In that case, the real estate must be purchased in the name of the solo 401k.

    · Moreover, the funds must flow from the 401(k) account to the seller (or the title/escrow company).

    · Please see more information below.

    Your Solo 401k can invest in real estate subject to the following requirements:

    Real estate investment procedures: https://www.mysolo401k.net/solo-401k/solo-401k-real-estate-investment-procedure/

    Please keep in mind that you can’t work on the property yourself.The property must be purchased from an unrelated person and then sold to an unrelated person.You can’t lease the real estate owned by the Solo 401k to you or any other related persons.

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