Nick's comment about a sales pitch was just more of a function of the fact that we get a lot of people who come here, don't contribute much, and then try to sell us stuff.

Originally posted by Jeremy Namen: That is pretty funny that OP thought he had some big secret..Nice contribution on your behalf...FYI I've had at least 5 BP members here privately thank me for introducing them to yet another tool for their tool box.

One question I still have about Solo401ks, though, revolves around the self-employed "business" requirement.It's my understanding that you can use a newly formed business, as long as it has the intention of generating revenue for profits and making significant contributions to the plan.

Some buyers would rather have you contribute to closing costs, or throw in a 50 inch flat screen.

BP even does the Facebook thing.So, welcome to BP and we hope that you can contribute more than marketing.

So you actually buy the houses, and let tenants contribute toward your monthly payments (via their rent), until you have a paid off house.

I know you all get this a lot but THANK YOU for all of the valuable information you all contribute to this forum.

I post when I know I can contribute something that is I know if factual and meaningful.

Also, if you are looking to finance this property, lenders would most likely shy away from this investment unless your equity contribution was major.

Even worse if they have some tax liability or a deficiency or are asked for a prom note or cash contribution as a result.