I’d suggest starting out by networking with as many other investors as possible and being an active participant in the forums.

I’d suggest starting out by networking with as many other investors as possible and being an active participant in the forums.

What is the difference between REPS hours and material participation hours?

You can take participant loans from a Solo 401k, but the IRS does not allow this from an IRA.

@Peyton Zachrich This meet up sounds like a really great opportunity and I would love to participate if you have not filled up your guest list.

A deal with too many participants for too little money from each especially for your first deal could be a major hassle.

Also, bringing a high Credit Score helps a Mentor because you can participate in a partnership or Joint Venture.4) Motivation - I find this to be the hardest to verify.

My normal answer would be it depends on the terms, but in this case, if you are not willing to participate in the "residential real estate game" because it's too hard, well, my final thought is a question for you. 

This is the cap rate that you obtain from the market participants i.e. commercial brokers, lenders, investors, etc.

While you can definitely participate in those programs, it is even more vital for you to gauge your finances and not overextend yourself in these purchases.