There are specific requirements for the solo401k.You must be a business owner with no common law employees and earned income to supplement the 401k plan.

You can  be  charged  actual damages so ask them for  the actual damages and check  your  local  state  laws. 

I’m focusing on virtual and will eventually start focusing in my local market NYC.

We are here to help each other grow.Get as much knowledge and experience as possible and find a mentor.Join real estate investment clubs.Get in touch with a local agent or investor and shorten your learning curve and save you a lot of headaches as they tend to understand the market better.All the best!

Our mission is to empower local entrepreneurs and investors to transform underutilized properties into awesome community assets that benefit all.If you send me a DM I can share more about our courses and free webinars.

Generally though, more protection is better than no protection.Also, I live and invest in the NWI area and I can refer you to a local attorney for LLC questions or help point you in the right direction.

In PR, understand the locals disposition to OOS investors, even those fluent in Spanish like yourself (or so I gather from Spanish language interview questions).No harm in beginning the interview process with both lender and agent today.

Legal Compliance: Make sure you’re up to speed on landlord-tenant laws in your area, especially concerning lease transitions and tenant rights.If everything checks out and aligns with your investment goals, this could be a great opportunity to have a steady income stream with minimal vacancy delays.

Ask this question to the local people in your area.  

@Shishi Chen try to find local real estate meetup groups, and there are various wholesaling groups on Facebook.