If the hard money lender does not know the investment property’s real estate market, you may spend precious time educating the lender instead of flipping your property.

For a list of lenders see the following. https://www.biggerpockets.com/blogs/3441/51027-nonrecourse-loan-debt-for-self-directed-solo-401k-investmentFollowing are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k Similarities Both were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions;Both are prohibited from investing in assets listed under I.R.C. 408(m); andNeither may be invested in your own business.  

These can be people you know or know through a friend of a friend, that have been blessed with an abundance of modern civilization’s most precious resources…money!

Step 4) Never again trade my precious time for money in a 9-5.

Here's how i got started in commercial real estate: 1) read 24 books on the topic2) listened to 400+ podcasts (starting with BP.com)3) attended meetups and starting learning the lingo 4) signed up for a couple coaching programs and practiced analyzing dozens of deals--- i share these^ points because i think it's important to remember that mentors are strapped for time. time is their most precious asset. they want to spend time with people that are coachable and committed to learning, aggressively. certainly don't need to go quite as overboard as I did with the content, but if you haven't started devouring content and practicing the skills... that's the place to start.

I am sick & tired of cleaning & replacing pee-soaked flooring ("Oh, no, precious Fifi would NEVER do that!")

Seems precious!

Thank you for your message Wale, it is a blessing to find such precious information here on the forum.

On top of that many of them have nicer cars, jewelry, tv's and many other things than we do.

An example of this is 30 year commodity cycle (commodities peak every 30 years: 1920, 1951, 1980, 2011 etc) which bottomed in 1999 where gold can purchased at $280 / ounce in 2001 and one could have held onto this investment for 10 years and unloaded all their precious metal positions at $1920/ounce at the end of the cycle in April of 2011.