The reason is that is by state law you are considered an intermediary and not a principal, you are required to comply with the rules governing the behavior of licensed real estate professionals when running your wholesale operation.

It looks like you have a good background with skills that will transfer well to RE investing.

I also plan on getting my real estate license, have finished the pre-licensing course, and will sit for the exam soon.  

., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)

Benjamin Cowles We bought a duplex recently in pre foreclosure.

I just started in the Commerical world with a small apartment building and a retail building  I'm hoping to connect with multi unit professionals who would be happy to share their experiences  I live in the Denver metro area  

I read a lot of books and threads regarding the importance of Due Dilligence for the apartment buildings.After the proptery is under contact,I will definitely do the detail due dilligence in person and with propterty manager or contractor.But still I have the concern that before I put the proptery under contract,if I am in long distance or out of state,how could I do the due dilligence to do the pre-acqucition analysis (repostition chance,how much value can de added)?

I'm Ky, I'm new investor in the Bay Area and looking to connect with professionals to build my team.

. - a Colorado Springs based real estate professional since 2002, I can certainly help with a referral.

@Jd Martin @Brent Coombs  I always knew when the Guru's had come through PDX.my agents would come running to me about this big time investor that was going to buy 5 props a month.I would tell them to invite them to lunch ( my treat)  I did this to size them up.. 99%  No Money no skills and just looking to abuse my poor agents.. did I feel bad when I flushed them out and put them in their place at lunch ...