I was a waitress at Bob's Big Boy and barely made enough to cover the rent and utilities.

Oh yes, participate.

If you do, you can create Solo 401k and use participant loan feature to access up to $50K in your retirement account tax free and penalty free.

My HML is at 2 points and 12% (special rate because lender knows my mentor; normally the terms wouldn't be as favorable for a newbie), Private Lender is a friend and barely charging above the prime rate.Note about HML's - pay attention to your HML's opinion of the deal if he/she is experienced.

Keep in mind that when using retirement funds for real estate investing, you can do so, but you can not actively participate in the activity.

I'd like to get it fixed as this is one of the main reasons why I haven't been participating on the boards as much as of late.

It was just barely over $100k.

We were able to sell it right before the crash in 2008 for some profit (but we just barely missed the crash)!

After 1 year all restrictions fall away.Investors who want to participate in a Fannie Mae Pool Sales must be approved by Fannie Mae before participating.

I look forward to participating and learning here.