Lawyer creating contracts/ operating agreement, tax strategies.

I am looking for some initial advice (prior to hearing from my CPA) concerning the use of a self directed 401k to purchase and operated a multifamily real estate unit. 

Hi evrybody ,i am kind need help on deal i am trying to make it here .Asking Price 1,45 milion Purchase price 1.35 Downpayment 30% ( bank loan)8 units 9600Sf total Gross Operating Income 138,533   (Gross Potencial income 145,000)Monthy GOI 11544Total Annual Expences 51794monthly expences 4316Expenses 51794Property Menager 7000insurance 6000Landskaping snow removal 9300repairs 4000taxes 18500trash 2200water sewer 4900Rents 1650 ,1600,1375,1200,1400,1750,1375,1800All is townhouse 3/2I am think to i do my self property manager ,i am think to lower landskaping and snow removal from 9200$ to lower down.4 is fully done ,4 need to be renovate.School is 10 ,area is great ,bullding is very healty ,a lot land can be approve to build another 8 unitsPlease i need some help before i give 5% monday to under deposit .thank you (i am sorry for english )

Many people living in Austin actually flock to other out of state turnkey operations located in the Midwest because the market in Austin is so expensive.

Hi guys,My name is Daniel and I am a new comer to the real estate investing game.I currently live in Dubai, where I see many opportunities for rental investment - although the instability of the market makes me concerned.My objective is to build a rental portfolio in a specific niche, that generates cash flow.I have worked in the tech field for more than 10 years and I’m looking to blend what I learn on BP with my data driven approach to strike great deals.And I’m ready to strike my first deal.Looking forward to getting to know you!

@David MoreheadBooks: Due Diligence Handbook (super important and often missed element of the underwriting process)The Real Estate Game: The Intelligent Guide To Decisionmaking And Investment (solid overview by an experienced operator)How to Create Lifetime Cash Flow Through Multifamily Properties (free, solid book)Articles:How to Avoid the Most Common Commercial Due Diligence MistakesDeal Screening Checklist for Passive Multifamily InvestorSpend time poking around the Internet + networking with local multifamily investors to understand how to underwrite and what assumptions to use. 

This, of course, generates a tax bill.If you are self-employed with no employees then you can set up a self-directed solo-401k with checkbook control. 

wealth in real estate is generated by rarely selling

We're able to leverage our institutional finance + operating backgrounds to make a better product than the typical deal analyzers out there.

I would agree that Cummins operating as the main power plant for Columbus's employment could be an issue bit you must take into account their community buy in.