Please be sure to select a Solo 401k plan provider which allows you to take a loan and will prepare the required 401k loan documents.The repayment terms are equal monthly/quarterly payments (as you prefer) of principal and interest (e.g. prime + 1%) spread over a 5 year term (or longer if you will use the loan to purchase your primary residence).There are no prepayment penalties and no restrictions on what you can do with the proceeds of the 401k loan.Please note that you are obligated to pay back their 401k (regardless of the performance of your real estate investment).As an alternative to taking the loan, you could even purchase the investment property directly using funds in your Solo 401k (assuming you select a Solo 401k plan provider which allows you to invest in real estate).

We’ll see how they perform.

The idea is to pull the most accurate comps.This isn't a ringing endorsement of CoStar since their other products are expensive, but at least for now, apartments.com is still free and useful.

I'd say it depends on the work to be performed.

It is now THEIR job to make your property perform.

If you can share your breakdown of expenses, I think folks would be able to better chime in on whether the cash flow is accurate or over/underestimated.

Have you researched comps in that area or spoke to any local property managers to determine accurate rental rates?

As a newbie I'm eager to find the "holy grail" but as I keep listening to podcast and reading books, asking questions I realize what you said is very accurate.

I have had many offers and tenants were great, but I am separated and want control of my own money.They are suing for specific performance, despite that performance being to close on Aug 18.

When it comes to all these calculators that make assumtions on expenses like 50% rule they really aren't accurate at all.