I don't see where the OP said it was a Solo 401k, so I'm just reminding him that if you take a 401k loan from an employer-sponsored plan, and then leave your job, you must pay back the entire amount within 30-90 days.

I believe the OP is referencing some other non foreclosure related judgment against the estate that attached to the property prior to the foreclosure.

There are only two ways to LEGALLY "wholesale" in Florida:1. be licensed2. own the propertyFor the game players, the state has a special place for their names which is public record like these guys have:https://www.myfloridalicense.com/sto/unlicensedact...https://www.myfloridalicense.com/sto/unlicensedact...The OP will find 3 types of people wanting to teach them to "wholesale":1. gurus that want money (for useless information2. people that don't know the law and that will mislead them3.

However after reading the replies to the OP it seems to be most true and becoming an investor requires more even if you have a PHD in finance and real estate....Kudos,Mary

Many details will apply.I also note a dangerous idea mentioned in one of the OP follow ups, "...my client and I

Yes, Matthew, I was differentiating between my perception of what the OP was talking about "the guy with the shovel" and what I personally pay for: The guy with plows and backhoes and myriad other pieces of equipment as well as insurance.

Not trying to pick on OP but this does not seem a true statement based on the OP: "...I totally get and respect why the Deed of Trust is used - it ties money specifically to one house so it's cleaner record keeping/accounting and just more an organized way of doing it for the person who is asking for the money."

As for your OP, I would say only take a distribution from your 401k if the return on the investment will be lucrative enough for the returns to be in the black AFTER you include the portion lost in taxes and fees.

Account Closed  please read my OP

Again, the OP is in Texas, not Maryland.