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No, with truly self-directed Solo 401k plan you can contribute first $18,500 (plus $6,000 catch up if you are over 50 years of age) up to 100% of your self-employment compensation, then on top of that you can do additional 20% of your net SE income (25% if you are incorporated) for combined maximum of $55,000 ($61,000 for those over 50).

There is a plethora of lenders one can do a deal with, but I'm looking for an asset based lender who is fast, reliable and has excellent customer service. 

I've been reading posts and listening to the podcast for a while now so im expecting some well wishes and folks willing to steer me in the right direction.

Outline your expectation very clearly and then if he is not following your directions you can consider changing.

I'm looking to invest in multi-families, but am hearing it will be hard to get financing for it due to being unemployed...looking for any help or advice that will lead me in the right direction. 

May I suggest you find an OOS market that has higher rental demand, so that imperfections in management don't translate as directly to lost rents.

My friend is currently a plumber and has the ability to do anything from create custom cabinets to building a deck from scratch, and everything in between.

View report*This link comes directly from our calculators, based on information input by the member who posted.

I have an LLC (Single member self managed) I just started for general contracting/ renovations repairs for customers.