Equipment Lease investments for solo 401k Trust

QUESTION:

Do you know if a solo 401k can invest in equipment leases?

ANSWER:

Yes a solo 401k can invest in equipment leasing. Here is a brief summary of how it works.

The solo 401k is the owner and lender of the equipment. The solo 401k would then lease the equipment to the third-party. Once the lease is up the solo 401k sells the equipment to the lessee or keeps leasing the equipment to the same business or a different business.

The paperwork in connection with the equipment lease would list the solo 401k as the lessor. For example, if the name of John’s Solo 401K is Core Solo 401k Trust, the lessor would read as John Doe, Trustee of Core Solo 401k Trust.

The lease payments would flow back to the solo 401k bank account and so would the proceeds from the sale of the equipment if the solo 401k owner decided to sell the equipment.

About Mark Nolan

Each day I speak with energetic entrepreneurs looking to take the plunge into a new venture and small business owners eager to take control of their retirement savings. I am passionate about helping others find their financial independence. Having worked for over 20 years with some of the top retirement account custodian and insurance companies I have a deep and extensive knowledge of the complexities of self-directed 401ks and IRAs as well as retirement plan regulations. Learn more about Mark Nolan and My Solo 401k Financial >>

  •  

  • Popular Video

  • ROBS 401k Funding Process

  • Solo 401k Contributions Including Mega

  • Checkbook IRA LLC

  • About MySolo401k

    We help our clients take control of their retirement money. Our products and services provide our clients the freedom to invest their retirement savings in their own business as well as alternative investments such as real estate, private companies, promissory notes, precious metals, tax liens and equities.
    Learn more

    Connect with us

  • We’re here to help.

    Call: 800-489-7571

    Monday-Friday

    8:00 am - 4:00 pm PT

    Why us?
MENU