ROBS 401k FAQ – Can I use real estate in my self directed IRA for my ROBS Business?

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ROBS 401K FAQ: I am looking to use a ROBS 401K to start a new car wash.  I already own real restate inside my self-directed IRA.  Can I use this real estate to start the car wash?

Response:

No – you can’t transfer real estate from your self-directed IRA to the ROBS 401k and then transfer this real estate to the ROBS C-corporation for use in the business operations.

To learn more about how to fund your business tax and penalty-free via our ROBS 401K Business Financing plan, click here: https://www.mysolo401k.net/401k-business-financing/

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About George Blower

I have the privilege of educating our clients about our products and services so that they can make informed and confident decisions about their financial future. Prior to joining My Solo 401k Financial, I served as the general counsel for a subsidiary of a Fortune 500 financial services company. Learn more about George Blower and My Solo 401k Financial >>

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