Not the ideal dream home at all but we got it at an auction, lived there for two years, fixed it up a little and then sold it for double what we paid for it (paid no capital gains on the increase). 

I can use some of my cash, or take some $ out of my current residence to pay for construction, but once it's done I'd like to refinance the entire property, pay off the land contract, and hopefully get an appraisal of almost double my $ in because I plan on doing a majority of the work myself.So I guess there are 2 questions:1.

Therefore, if you have already maxed your employer contributions under your full-time employer plan, you will not be able to double up on the employee contributions to the solo 401k plan. https://www.irs.gov/retirement-plans/how-much-salary-can-you-defer-if-you-re-eligible-for-more-than-one-retirement-planAs far as your current 401(k) administrator not understating what you are trying to do (i.e., transfer some or part of your existing employer 401k), one way of determining if your current employer will allow you access your retirement funds while still working for them, is to check the summary plan description (SPD) for the existing plan.

As in letting them know it is a wholesale, and a double close?

The bottom line is that this is your opportunity to make double and triple check your assumptions, confirm what the seller is telling you, bring in any professional inspectors to check things you can not and make a GO / NO-GO decision.Going Firm - This is it; a / the key decision point.

For example, I know of pockets where people are still pulling 7+ cap rates and cash on cash can be in the double digits.  

Originally posted by @Steven Maduro:My profile pic is my latest apartment  Nice, i see you go for modern finishes (something not seen much around ATL,GA)Only one suggestion: knowing southern cooking, next time on top of the range make sure you put at least a 300CFM range hood (Asian style cooking grade, double fan, grease collecting features)you may thank me later :-)

@Laura Renner  I am not a commercial expert having only sold a few 5 to 6 million dollar buildings as a broker.. and I have personally never seen it.what I have seen is1. not a lot of help from listing agent as they want to double end it .. if they can2. proof up both cash and financing before they will even entertain a offer.3. you can walk around the property but until you have lifted your contingencies and the only one left is inspections.. you can have a quick run through which is generally outside inspections and basic plumbing in select units.. this is not full blown home style inspections.. can't bother the tenants that much.sounds like your buyer is experienced in C and D... if they are not they are going to lose there butts  LOL.. those are the toughest properties to make work in the US.

Hello All,Being here a while and learning alot from all of you. I'm currently on my first flip and it's a whopper of a job. Everything needs to be done from roof to plumbing the whole nine yard. Well that's not the h...

@Charles Coaston - Seems like it should be in the ball park (its a very small home), although I would double check on the appliances.