Once established, you will be designated trustee of the 401k and will have full control over it, without any middleman.

@Jonah Rupe you already know enough people to find private investors in your own network.You just don't know how much money they have, and you haven't established any credibility with them so they would loan money to you.

We used Anderson Business Advisors to set everything up properly and have not regretted the couple thousand we spent, as well as the monthly fee for them to keep up all our legal and give us unlimited access to attorneys.

Networking with other investors and seeking advice from financial advisors can provide valuable insights and help you avoid common pitfalls.Keep an eye on your financial health by maintaining an emergency fund and avoiding over-leveraging.

The prices of established cabins are very high in this market and I am exploring the build route.Appreciate if anyone have experience here in buying land and getting a cabin built?

I feel like it may be good to also establish a relationship with a lender to streamline future projects. 

Eliminate debt, establish a budget, and save.

My partner is a member of Andersons Advisors, I just want to have an Idea of how can we work around this deal.Thank YouKatrina

The process of establishing value is a bit convoluted, but well defined by the statue.

Building Reputation: How did you go about getting your name out there and establishing credibility as a private lender?