They want bird dogs who pay to participate without knowing.

However, there are many ways for a bank to meet this requirement and it may be difficult for the average investor to obtain a loan strictly under this Act, but it may be done.Might read the thread "Profits in Non-Profits" partnering with these organizations may allow participation with grant money.States may have special funds set aside for "economic development zones" these are distressed areas in a community and programs vary.Lastly, for the big guys mainly, there are programs for syndicated tax credits under IRS Code Section 42 that may be used for MF/SF and mixed developments and redevelopment of distressed properties.

I've already participated in a couple of the webinars, and read a lot of the discussions, and it's great to have so many people willing to share their knowledge and provide support to each other.

The Self-Directed IRA and Solo 401k DifferencesIn order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability company (IRA LLC)   must be utilized;The solo 401k allows for checkbook control from the onset;The solo 401k allows for personal loan known as a solo 401k loan;It is prohibited to borrow from your IRA;The Solo 401k may be invested in life insurance;The self-directed IRA may not be invested in life insurance;The solo 401k allow for high contribution amounts (for 2016, the solo 401k contribution limit is $53,000, whereas the self-directed IRA contribution limit is $5,500);The solo 401k business owner can serve as trustee of the solo 401k;The self-directed IRA participant/owner may not serve as trustee or custodian of her IRA; instead, a trust company or bank institution is required;When distributions commence from the solo 401k a mandatory 20% of federal taxes must be withheld from each distribution and submitted electronically to the IRS by the 15th of the month following the date of each distribution;Rollovers and/or transfers from IRAs or qualified plans (e.g., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)

Instead of shelling out tens of thousands of dollars for a course, I invested in the BP pro membership and participated in the online community as much as I could.

They have eREITs you can invest in as a non-accredited investor, and individual projects that I believe you have to be an accredited investor to participate in.

When I started out I hired a coach who not only was doing big deals and had deal flow to learn, but I also got to participate by raising capital, growing my investor base and experiences off his credibility.  

@Nik SharapovTo learn about the 401k distribution rules, see the following. https://www.irs.gov/retirement-plans/plan-participant-employee/401k-resource-guide-plan-participants-general-distribution-rules

Looking to participate the min with Cardone Capital possibly in the next month or so. 

You are starting off right by jumping right in and actively participating in the community!