Other paperwork: Purchase and Sale Agreement, Lead Paint, Seller's Disclosure of Defects, etc.

Also, having a buyers list as a wholesaler is essential, but if you want a tip - it doesn't have to be a giant one.

You could essentially offer to cosign (that's what you'd be doing).

You should be fair to the person loaning you the money and encourage them to use an experienced professional with vetted paperwork to originate this loan and ensure they are adequately protected.

Came out $4700 ahead.The risk here is that you are essentially floating your interest rate for six months.

If we open a joint LLC that essentially owns the property, is this considered a prohibited transaction because the Solo 401k Trust is an interested party in both the original acquisition and the LLC that will acquire the post-rehab property and subsequent loan?

One thing I will say is there's a lot of paperwork involved and extra expense due to needing a FHA inspector to inspect the project and then release the funds to the contractor.

B) Has anyone else had issues with getting the sellers to feel comfortable signing when you are essentially not putting earnest money down?

Its worth the time of the buyers agent to make a phone call to the listing agent, but not to waste time writing the offers if you can find out with a phone call that the offer wont be accepted or countered.Our market offers a ton of liquidity, which means properties sell for essentially what they are worth.  

Essentially, Wholesaling was what taught me all my valuable lessons and helped me make a comeback.