There are many people who have been active in the game during that period that have made millions off equity alone.Find a deal, run the numbers, and if it works, pull the trigger.

John Warren, that makes a lot of sense for the other partner to have some skin in the game.

Hi Johann,I doubt you can (for lack of a better term) "Fight City Hall" on this one.If they cancel you, and you have a mortgage, they will Notice the lender you are no longer covered, which will probably trigger some "unpleasantness" for you.And seriously, have you not walked your own property and noticed the cement sidewalk heaving up (if that is what the 1" lip is) (???)

So i've been on BP forum for some time now trying to figure out how to get in the game.

@Dmitriy Fomichenko I’m new to the Solo 401K game, so I don’t have all the lingo quite down pat.

In this scenario, if you DON'T get an earthquake policy, you get a bit extra in cashflow, but if the house is destroyed by an earthquake, you owe 400k on a pile of rubble...for some smaller investors, I'm guessing that could be enough to bankrupt them (particularly if that scenario happened across numerous properties...if, for instance, you ended up owing 1.5-2 million on 3-5 properties that were all turned to rubble, I'm guessing that would be game over for most smaller mom & pop investors who tend to have 3-5 properties). 

I am still fairly new to the professional investment game but I have only been able to find good deals in SoCal thus far.

If you assume that most people end up making nothing in this game, you're usually right.

A novice in this game but wanted to get some perspective on thoughts around the Miami market, specifically for wholesaling.

That really does change the game!