I would also say don't wait too long to get in the game.

I have enough skin in the game that I know I will lose my money if I don't follow through on our agreement = I am motivated.As a lendor - "CYA" would be my policy.

If your new to the game, the best thing to do is keep reading and educating yourself.

Will,I am seeing lots of games being played by the agents that "represent" the banksI am looking foreward to seeing them on the other side of the cycle.

Let us know the results of your LOI offer and if the seller counters or not.NEVER let the seller simply state to you, "make a new offer/LOI and resubmit" Tell them, "please send me a written counter offer"Sellers telling you to resubmit a btter offer are playing the game with you, turn it around and don't them them win that game.

I having been looking for deals, but don't really know anyone here to establish a relationship with in order to sell the contract to them.

I see more Astro games so I have no choice.

I need to do this personally so I can tap these cheaper funds to do flips and a lot less paperwork once it's established plus it's a tax write off.

As far as it sounding too good to be true, one catch is that you must be self-employed or have a business with no full-time non-owner employees to be eligible for the plan.Once eligibility is established, you'll submit an application to a plan provider to get your Solo 401k documents created.

Sure, turnover and holding costs are ROI killers, but real estate is a long game.