No, with truly self-directed Solo 401k plan you can contribute first $18,500 (plus $6,000 catch up if you are over 50 years of age) up to 100% of your self-employment compensation, then on top of that you can do additional 20% of your net SE income (25% if you are incorporated) for combined maximum of $55,000 ($61,000 for those over 50).

Hi there BP members, I am 20 years old and currently self employed through contracts with 7 months of consistent work and am receiving a diploma for Business Administration: Marketing from NBCC this spring.

Key things to consider/evaluate in any geo area: job growth, population growth, major employers in the area (ensure these are permanent ones, f.e. hospital), town/city population size, supply vs demand for housing and what type of housing.

I am self employed, and will claim 60k/year for 2017 and 2018 with no debt.

, is future employment an option?

A employment income is your source of money to invest.Real estate investing is not a career it is a activity.  

Send me a DM or email.3) Check out my recent BP article to look at some strategies you can employ. https://www.biggerpockets.com/renewsblog/how-to-use-the-va-loan-to-build-capital-for-real-estate-investing/

This year and next year I am getting self-employment income on 1099.

I work a FT W-2 job and my husband has a self employed consulting business.

Would be a lot cheaper than hard money (5-6% interest), and you'd be able to employ the BRRRR strategy if it doesn't have prepayment penalties.