@Tina Artigliere@Alicia ProkosFor these Quest Solo 401k plan account holders, what is essential is to find a new Solo 401k plan provider who offers a Solo 401k plan with the service and features that the account holder needs such as Solo 401k loans, alternative investments, Roth and Mega Backdoor Roth Solo 401k contributions, 5500-EZ & 1099-R preparation and filing, etc.The process entails restating the Quest Solo 401k plan where the Quest Solo 401k plan documents are replaced with the Solo 401k plan documents of the new Solo 401k provider. 

----------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

However, unless you're doing this as part of a BRRRR strategy, you may end up paying closing costs twice and incurring unnecessary interest on the HELOC prior to refinancing.Additionally, conventional loans often have seasoning requirements of 6-12 months, while DSCR loans typically require only 3-6 months.This post does not create a CPA-Client relationship.

DSCR loans typically require 25% down, and have higher interest rates and fees.

Do they value nicer finishes and design or is that additional cost lost on the typical tenant in that pocket?

Terms such as interest rates and payment schedules are typically negotiable.Combining creative financing with seller financing can include strategies like:Subject-to and Seller Financing: Taking over the seller's mortgage and financing the equity portion through the seller.Lease Option: Renting with an option to buy while negotiating seller financing for part of the purchase.Wraparound Mortgage: Keeping the seller's existing loan while they finance a new loan that includes the balance.To proceed, consider connecting with experienced investors, understanding local legal implications, and attending networking events to gather insights.

Closing costs typically range from 2 to 5 percent of the total loan amount, and they include fees for the appraisal, title insurance and origination and underwriting of the loan.”When it comes to closing costs, a trusted lender can guide you through specifics and answer any questions you may have.

Typically I see it on anything over 5 acres. 

The only difference is the seller remains on title until we have enough equity to refinance or sell.3: Typically we don’t agree to balloons.

Typically its done for open space or use for community property (ie. fire station location or other county use) and typicaly would assist in increasing tax base.