@Jordan MoorheadFollowing are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k Similarities Both were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions;Both are prohibited from investing in assets listed under I.R.C. 408(m); andNeither may be invested in your own business. 

Because too many people on BP are telling newbie investors that wholesaling is the best place to start "and generate quick cash so then you can flip with the money then save that and then buy large apts and then retire in a couple years"LOL

What would you do to start investing if you had $100,000 in cash and you were 30 years old in order to retire in the next 10-15 years or is that even possible?!"

The form that you will need to fill out with E-Trade is called "Investment Only (Non-Custodial) Retirement Plan Application."

Each situation is unique and while one option may fit 75% of the people in that situation, it's hard to tell who those 25% outliers are going to be.My best recommendation is to get with a real estate knowledgeable CPA, go through a long session where you outline your business goals, retirements goals, other sources of income, etc and have them tailor a plan that works for all (or most) of your goals.

There are special rules applicable to certain types of retirement accounts where successive transactions within a short period of time can be deemed a single transaction.  

Well after 90 mins of this is how you will be poor when you retire.

Many of my deals have been from a retired HML who seller financed .

A few are retired agents and I keep them updated with project photos so they can relive their "glory days" of gutting old houses and creating equity.There is a lot of talk on BP about how to raise private funds and the pros have it right:  the first deal is the hardest!  

@Jim JoplingTo learn more about the IRA prohibited transactions see the following. https://www.irs.gov/retirement-plans/plan-particip...