Some clients save thousands of dollars a year with a Solo 401k compared to a self-directed IRA.Here are a few of the Solo 401k benefits:Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You can take participant loans from the plan.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.

They actually granted us an exemption from the requirement for some time, because A) they knew is was really not viable, and B) we have a solid track record of providing quality client education that they could trust.One option may be to move your IRA-owned LLC to another custodian that does not have this requirement, which really is meaningless window dressing.I will add, we are a  very compliance oriented firm with a distinctly conservative approach to reporting and operations using the IRA LLC platform. 

If reduce rent as compensation, you can’t write that off, you’ll show less cash flow (which will decrease the amount you can leverage on Thao property from a banks perspective if you wanted to purchase another property).Personally, I’d keep rent the same, and mail the tenant a check each month.

Account Closed: Can you please explain to me how a median rent of $1,000-$1,500 would earn me money if the median price is $200k-$250k and I leverage the deal?

@Carlos Leyva I had a lot of side hustles but the one that helped me the most was leveraging my knowledge of exterior remodeling and doing side jobs.

Take loan2) You will buy 3 units using 1031 funds and loan 3) Buying a larger unit will help you leverage which will in turn increase rental income 4) You get live in one unit and tax/interest portion is a write off and when you sell gain is tax free upto 250K Your accountant should be able to split this type of transaction. 

Brokers and agents have insurance to protect them from this - an FSBO seller usually doesn't even have the slightest concept of what liabilities they are taking on.There are many well educated and highly experienced FSBO sellers that are easy to deal with - many are here on the BP communities, but the folks here are not the normal FSBO sellers. 

It has more attention the in previous cycles, especially now that so many people been educated and doing syndication. 

We have a rental house, excellent shape (complete remodel) currently rented out and only have had it a year.  it's completely paid for and worth $160K and excellent neighborhood and schools.  Currently we live in our ...

I have found a few groups run by various folks who have education or coaching to sell or are looking for deal funding or something like that.