It’s not a lot of security as between your second position and the first, there isn’t much equity protecting a default  Also, what type of professional would you hire to prepare the mortgage paperwork?

That said, Columbus is a stable market with high demand across the board...all supported by any metric you care to consider...it's a challenge to find the perfect deal, but if you are prepared to pull the trigger and broaden your reach by building your relationships and networking something will turn up.

He runs twice monthly meetings, great with creative finance ideas.If this doesn't keep you busy, you can reach out and I'll give you even more suggestions.Hope this helps,Glen

I have very limited funds so I’m trying to be creative in ways to get my first rental property. 

I just want to be prepared for this meeting and not look like an idiot and unexperienced.  

Please be sure to select a Solo 401k plan provider which allows you to take a loan and will prepare the required 401k loan documents.The repayment terms are equal monthly/quarterly payments (as you prefer) of principal and interest (e.g. prime + 1%) spread over a 5 year term (or longer if you will use the loan to purchase your primary residence). 

Hello everyone,I'm two weeks away from closing on a rental property that will take me two weeks from closing to prepare for a renter (Replace a door, fix a leak, and paint some walls).

It would be good to network and find an experienced agent to help you review and prepare your first few offers and contracts to be sure that you have everything lined out correctly. 

It is not easy but if you look hard and get creative it can work.

I'd make sure you are prepared for every possible "oops" scenario possible.