Kyle Cabral I'd be interested in catching up.

Your contributions for the Solo 401k plan are limited to $54,000 per year (plus $6,000 in catch up if you are over age 50), keep in mind that the employee elective deferral limit is $24K per person, across all of the plans you maybe participating. 

We stayed in touch with the owners over the months, and after meeting up a couple times and some negotiations we were under contract.I'll keep it simple to the details but let me know if you have any questions.4 bed - 3 bath - 3 car garage - SFHPurchase price: $160K1st Loan: $112,0002nd Loan carried by sellers: $49,000Down payment: $2,500Rehab Cost: $13,000Real Estate fees and closing cost: $8,900Basic list of repairs: carpet, vinyl tile floors, vinyl plank flooring, faucets, toilets, light fixtures, thermostat, interior paint, appliances, gutters, backsplashes, resurfaced counter in kitchen with an epoxy countertop, re-stained all cabinets throughout the house, added pulls to all cabinets, new kitchen sink & faucet - finished it off with some light staging for photos and to help it sell quicker!

From the photos and a Google Maps search, the property and area seem to be in relatively good shape.

I also want to point out that you MUST video or do a full walk thru with photos prior to the tenant taking occupancy.

In my own research I have found that you can refinance from one FHA loan t another and even better they will give you a 85% LTV rate on the cash out refinance, however there is a catch.

The catch with it is that you have to live in the property for 5 years for the grant to be "free money."

You can catch me by email: CLHGEnterprises[at]gmail[dot]com

hey old friendGlad to hear from youGrrrrr @stick shiftSo far I have to say I am glad that I did the extrasBut to answer your questionEvery time I fill a vacancy i ask mirror mirror on the wall who has the fairest apartment of them all Usually the answer is "You do you do by far it is the fairest in all the land"But lately others are quickly catching upAnd now that my renovations are four years old I am getting answers There is an abode over yonder that has a nicer bathroom than you It seems my saving grace is my washer dryer But I'mStill in the top ranks for the price point In fact I just recently remodeled an apartment and it had lots of bells and whistles.Have I had perfect tenants?

The catch is that they need to be similar to your target property.