This looks like a prohibited transaction to me.

There are prohibited family members, such as parents, children and grandparents.

@Kenneth GibsonWhen considering self-directed IRAs and Solo 401k plans, you'll want to have a good understanding of the prohibited transaction rules.

PROHIBITION: This agreement establishes a prohibition against transfer, conveyance or encumbrance to the property. _________________________________ _________ _________________________________ _________ Seller: Date Buyer : Date: _________________________________ _________ _________________________________ _________ Seller: Date Buyer: Date

Not sure what state your in but Tn prohibits commission share with non licenses. listing agent usually has a 3% commission split with buyer agent.

It's really a shame because apart from this issue the duplex is a wonderful property with tons of potential but the price for aquiring it as it stands makes it prohibitive to sink another 12k into it for rewiring.

Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)

If your lease prohibit dogs, and they get a dog...then you can evict. 

Lastly homestead lin laws inTexas all but prohibit me from losing my home should markets tank and I don't make my HELOC payments.

Frank Uzzi If I'm not mistaken, SEC guidelines for investors in crowd funded securities (have a net worth $1 M or annual income of $200k) are probably going to prohibit this particular individual as well as the majority of Americans from participating.Someone correct me if I'm wrong, but that is what my research is telling me.