I would have to guess that it would be allowed if you are classified as a REP (which you seem to be) and meet the requirements for REP participation.

Hi Eric, buying all-cash restricts your flexibility and size of the deal that you can participate in.

@Marie J Miller,I agree with Jeff, since you are self-employed - Solo 401k would be much better options for several reasons:- You can maximize your contributions quicker since it has elective deferral component- Catch up contributions increase your overall limit- Ability to borrow from the plan using participant loan feature- Ability to make Roth contributions - Custodian is not required - can be set up as a trust and give you "checkbook control" and ability to invest in alternative assets such as real estate- If you invest in real estate using leverage, you will avoid UBIT (unlike the IRA)- Cost effective: avoid custodian and transaction-based feesHope this helps!

@Joseph Udofia I would enjoy participating virtually if that is an option? 

I informed the brokerage firm that I intend to work with (Exit Realty) that I will be participating in real estate investing and it seems fine with them.

there are no mortgage expenses anymore....worst expense is our property taxes are very high, about $7,200 per year.I paid 335,000 but participated in a retrofit with the other owners at 40k, plus remodeling of approx $50,000.for money expended of 425,000. my conservative NOI is 25,000 per year, with rents of $37,000 in a competitive market.

If you participate in a discussion about a company, website, guru, coaching program, etc., and have any kind of relationship with that entity (e.g. affiliate, partnership, employee, owner), you MUST disclose this in your post.

This was my mother's home and while I was the trustee, I did have to convince my brothers and sister to participate by using their money.

You may wish to confirm that the new 401k provider will handle the ongoing compliance support such as any required 5500 filing (e.g. 5500-ez for a one-participant plan with assets in excess of $250,000), any required tax reporting (e.g. 1099-r in the event of a distribution or in-plan Roth conversion), mandatory plan updates and amendments, etc.4.

Hi Anmmar, et al,I'm interested in being a participant and perhaps volunteer.Happy Friday and thanks!