Considering purchasing my first property potentially using a HELOC as a down payment for a traditional loan. More than likely something that does not need work, so not a BRRRR. I understand that I could use the HELOC ...

@Lynnette E.

I agree, in just a short amount of time, the R/E market has come to almost a complete halt. 

@Ralph E FreemanIf you have established a Solo 401(k) with a reputable provider, they should be able to assist you with all of these very basic operational questions.If you have obtained a set of 401(k) plan documents with no meaningful support, then you should engage a CPA or attorney who is familiar with IRS rules and the operation of a self-directed retirement plan.

When I speak of the E/E strategies, I'm referring to specifically how the money (your cash) enters and exits the deal.Every property will have varying final costs to the REI, depending on the strategy they use to enter the deal. 

. + G & E Finance- Private Lender/Dad; PP + Rehab (8% int. rate)

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Depending on your inclination and budget you may also want to replace the toilet with a nicer and lower water usage toilet.Hope this helps and congratulations again on your purchase!

If utilities are not split, you are asking your tenant to foot the bill for increased water, gas and electric usage. 

Hi Alex, as an option you consider a Revers e Exchange if you wanted to incorporate deferred taxes into your new investment.