Use Solo 401k to Invest in Real Estate
The time is now to use a Solo 401k to invest in real estate.
Many Americans may think that investing in real estate is a risky venture. But worldwide, investors recognize US housing as a smart investment. Foreign buyers are taking advantage and picking up real estate bargains at a record clip.
March 2011 ended a 12-month period in which $41 billion worth of US houses and apartments were purchased by international buyers. The National Association of Realtors recorded roughly the same figures in the previous year.
This doesn’t include the $41 billion spent by newer international residents within the previous two years. The $82 billion worth of US residential real estate is up from $66 billion the year before.
Using a Solo 401k to invest in real estate is an option to consider. The Solo 401k retirement account opens up the world of alternative investments, including the real estate market.
Sense Financial is a leader provider of retirement plans with checkbook control. We’ve assisted hundreds of clients in taking control over their IRAs and 401ks. With a Solo 401k, you can make high contributions, invest tax-free with a Roth sub account, borrow up to $50,000 for any reason, and control your retirement account with unlimited investment options.