If you’re going to do this at all approach it from a rental point of view,  and frankly for an 850 K price tag  altogether  this does not sound like a good rental investment property.  

Chicago burbs -Have a property in great condition , great location :seller Asking : 250K ; home in default , preforeclosure , outstanding Loan: 178 K , house worth about 260K Motivatedis there any way to make a deal ?

There are some compelling reasons to use a Solo 401(k) . . . .if your investment style fits the template.

Im j/k about raising the rent, although I wish that was a viable reason to do so lol.

@Yelitza Mora @Matt K.

Originally posted by @Matt K.

@Jim K. 

@Vi K.

But everyone has differnt goals so to one person a 6 cap might look good because they're doing a value-add and want to increase IRR to 30% in a couple years and throw a couple hundred k at it. 

Hey there @Brett K.