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Self-directed Question Answered: I have an opportunity to invest is a limited partnership investment in multi-family properties. Does this qualify to be a Solo 401k investment?
Certainly the ability to invest in alternative investments, including a private placement type investment real estate, etc. is one of the top reasons that people set up accounts with us.
Of course, one has to be eligible to set up a solo 401(k) and then sets up a Solo 401k with a company like ours that offers a plan that allows for those types of investments.
The Solo 401k would need to be funded by either rolling over funds from an existing retirement account (e.g. former employer plan and/or non-Roth IRA) and/or making contributions.
The investment must be purely passive investment made under the name and EIN of the solo 401(k) with all income and expenses flowing in and out of the solo 401(k) account.