From the experience of others, would a simple, personal LLC where I lend money on projects and report proceeds as income or short-term capital gains constitute a 'business' and make me eligible for a solo 401k?

I have obtained valuable experience with real estate over the last few years and I am looking start my own company in move into the commercial space with multi-family properties.

I'm looking forward to gaining knowledge.

It must be a true sale.Remember loans have nothing to do with your basis or gains.

.: Thanks Steven, Your previous posts are very valuable.

Thanks for all the valuable information here.

Your professional expertise will be very valuable to your personal investment portfolio.I do both buy & hold as well as flips.

If you inherited these properties you should have a stepped up basis wiping out past deferred gains if set up correctly.You could buy apartments or triple net investing.

Our actual intent in our free trainings is to give people some really valuable information about the market and the strategies that we see working from our experience in working with over 400 real estate investing deals here in DFW over the last 3 years.  

Do I need to talk to bankers or appraisers to gain this knowledge?