All Forum Posts by: Sahil K.

Same advice as some of the folks have already said - check with some of the local credit unions - there's a good change you could be in the mid 4's.

Hi,

I'm looking for a property manager for one of my properties in West Warwick, RI. It's a SFH - 3 bed, 2 bath and I'm looking for a manager who can manage the property going forward (starting May 1, 2018). I reached out to a handful and it seems like they are either not taking new properties at this time or they don't operate in W. Warwick. If you are a property manager who is interested or know/recommend someone, please send me a direct message or respond to this post, and I'll get in touch with you.

Thank you!

Hi Melanie. I've worked with Caputi Law and have had a great experience, and would go to them again on my next deal (www.caputilaw.com). I'd recommend to speak with /interview them as you evaluate.

Hey Jim - I've registered and looking forward to the event on November 18!

Thank you!

Thank you @George Blower and @Dmitriy Fomichenko! A quick follow up question on this - I do have a small consulting / freelancing gig on the side and will be a 1099 income, but it will probably be less than $2K for this year. Am I still eligible to rollover $50K and make future contributions that are greater than my annual 1099 income?

Hi! I’m currently working full time (on W2) and have money in my employer 401k. I found another full time job and will have 10 days in between the two jobs. I am planning to roll over the 401k into a Solok, but have a few questions :

1. After rolling over the money, can I make additional contributions to my SoloK going forward (every year), even though I’ll be a W2 employee? Or is this a one time deal and I should max out my 401k before I rollover?

2. My wife has a SoloK as well. Can we combine/partner the two SoloK’s and purchase a property?

3. We will probably have 40-50% of the down payment with our SoloK’s combined. If the answer to #2 is a yes, then can we take a loan to make the purchase under our SoloK’s? Would the loan be in both of our names or can it be just one of us? 

4. Can I go to local banks/credit unions/lenders for the loan on a SoloK property, or do I need to work with specific banks/lenders?

Thanks!