Investing in real estate is not only possible, but also advantageous with a Real Estate Solo 401k plan. This retirement plan for individuals gives plan owners total control and many benefits to succeed in real estate investments. In this video, we discussed the main Solo 401k advantages that plan owners should know.
Advantages of a Real Estate Solo 401k
Having a self-directed Solo401k can give real estate investors many advantages. First they have the checkbook-control, which allows them to fund a transaction anytime, anywhere, as simple as writing a check. No custodian approval needed, and no complicated paperwork involved. The Solo401k can also use non-recourse financing to purchase real estate, and without paying the Unrelated Business Income Tax. Finally, the real estate held in a Solo401k is tax-deferred. All gains from the property, including rental income and capital gains will not be taxed until the time of withdrawal.