When investing in real estate with a Solo 401k, plan owners may need to obtain insurance for their properties. In this Solo 401k Quick Tip video, we will discuss what plan owners need to know about insuring a Solo 401k rental property. For more information, please visit our website or call us at 949-228-9394. The property insurance for a rental owned by your 401k should be in the name of the Solo 401k trust, which is the owner of the property. Sometimes the insurance company may insist for the insurance to be in your name as individual. As the trustee of the plan, you can obtain insurance in your name, but be sure to ask the insurance company to add the trust as other interest. Remember that insurance premiums as well as any other expenses related to the property must be paid from the Solo 401k account .... ( read more )
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Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)