Zaida I’m also fairly new in wholesaling right in the Bronx,NY if you need help selling anything I’m more than willing to help you JV so we can both escape the newbie zone. 

They don’t want to see loan contingencies or other escape clauses. 

Plus...escape velocity...Episode 113 – Jay Papasan - Very practical slow and steady adviceEpisode 221 - Tim Shiner - his concept of equity build up and "shearing the sheep" shows some of the flexibility of real estate vs a 401k Last but not least, I also recommend all the tax advice given by my fellow CPAs on the BP Podcast.

I would develop an escape plan which may involve finding a great deal if you can fire sale if needed.I am not going to comment on the cities you mentioned but they are very different in size and opportunity. 

I remember asking you something about it, but it escapes me.  

Since I have to leave the area, I may as well make it a business trip and find some good markets for rentals and house flipping. I am looking to scope out areas as well as meet with real estate agents since I will lik...

., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)

Unfortunately, they quit their jobs and escaped the garnishment, and the local sheriff is not helpful when it comes to chasing these types of things as its considered "small potatoes". 

Going from 1-2 may be a lot easier but when you start adding more than 2 and depending on how high the structure is you get into fire escapes, sprinkler systems etc...The more important question you need to ask is not is there a market for this but can I legally make a 2 unit within the local building codes and keep it financially on point so the project will still be profitable when completed

You get party groups escaping the inland/Miami heat and hardcore fisherman who decide to clean their catch in your bathrooms.