The Original Realty Magazine!
A Solo 401k can invest in real estate in three ways:
We will discuss TIC and the other two methods in future blog postings.
Under tenants in Common (TIC), the Solo 401k and the Solo 401k owner can co-invest when purchasing real estate. Therefore, each party's ownership percentage in the property must be separately reflected on the recorded deed.
Here's is an example:
EXAMPLE : 50/50 split between Jane Doe and his Solo 401k ("Doe Solo 401k Trust")
How REAL ESTATE deed is recorded: Jane Doe, an undivided 50% interest and "Doe Solo 401k Trust, an undivided 50% interest.
Important items to keep in-mind under Solo 401k TIC Transaction:
To learn more about investing your Solo 401k in real estate visit http://www.mysolo401k.net/ or call 800-489-7571.