We (my wife) and I have a substantial traditional IRA available that we could possibly roll into a solo 401k and obtain a loan, but she’s not a fan of that scenario….”we’re not touching that” was her response!

Push back, lower the offer, walk away, pay to turn them on, roll the dice.

This will usually get things rolling.

They must be held as rentals or for appreciation.True, this is where the IRS gets to read your mind and judge your motives :roll:

Plus, they point out that the properties are nicely rehabbed, in solid neighborhoods with high rental demand, tenants are rigorously screened, and to cap it off, the buyer may well sell the property at a big gain well before these repairs and capital expenses start hitting (remember, you presumably "captured" a boatload of equity when you purchased), at which time you can roll into another property.At any rate, if you hold the property, the assumption is that Years 2-30 will experience none of these expenses.

:roll:

You do need a company to set up a solo 401k, but then you can roll other 401k's into it.

.: No older than ten (10) years2) Equity: $30K bare minimum.3) Very little to no rehab4) Must be priced to sell at the tax roll value and no higher.My question is this:"Does this sound a bit unrealistic?"

I had one offer at $125,000 and I (foolishly :roll:) declined and didn't even counter.

I'm a bit uncomfortable leveraging myself with credit, but would rather take a slow and steady approach of buying a rental home, getting a renter in it, pay off the first home, buy another rental property, the take the money from the 2 rentals and roll that into the 3rd home, etc.