Thursday, June 28, 2012

Establish Solo 401k in Miami Florida


Establish Solo 401k in Miami Florida | Methods of Investing Solo 401k in Miami Florida Real Estate | Self-Directed Solo 401k for Florida Real Estate


I have finally reached the point where I no longer wish to continue to only invest my Solo 401k, which I opened at my local Fidelity branch here in Miami Florida, in just stocks and mutual funds. I’m ready to venture off and open Solo 401k with a solo 401k provider that will allow me to have access to checkbook control Solo 401k so that I can immediately start investing my solo 401k in Miami Florida real estate, especially now that prices are rapidly rising resulting from the influx of real estate investors from Brazil, Russia, and other emerging markets.  

The good news is that there are many Solo 401k providers that offer Solo 401k with checkbook control for investing in real estate, and various methods can be incorporated for investing your Solo 401k in Miami FL real estate, which are:

Method 1: Purchasing Miami Florida Real Estate with Self-Directed Solo 401k
Solo 401k invests in real estate directly. Specifically, the real estate purchase documents including the warranty deed is recorded in the Solo 401k plan’s name. Visit purchasing real estate to read detailed procedure on investing in real estate with Solo 401k.

Method 2: Purchasing Miami Florida Real Estate with Self-Directed Solo 401k
Solo 401k invests along with other investors in a private company (e.g., Miami Florida Real Estate Limited Partnership), with the limited partnership investing in real estate. Therefore the Solo 401k does not own the real estate directly but, instead, a portion of the Limited Partnership. Note that the Solo 401k cannot own 50% or more of the limited partnership in accordance with the Solo 401k prohibited transaction rules.  Visit investing in private placement with Solo 401k to view detailed procedure for investing in private placements with Solo 401k.

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