You mentioned you haven't purchased an investment property before or been involved with seller financing transactions.

Was previously purchased with a Builder to erect a SFR residence on.

Gain is your net sales price minus your adjusted cost basis (purchase price plus capital improvements minus depreciation). 

Hey everyone, I’m trying to decide between purchasing a single-family home or a multi-family property for my first real estate investment in Detroit, and I’d love to get some advice. 

My goal is to purchase 15 units in the next 5 years, and produce a cash flow of $20k per month within the next 10 years.  

I’m looking to raise $160,000 to cover the purchase, renovation, and activation of this new Airbnb property.

Purchase price: $675,000 Cash invested: $250,000 Country estate with 2 houses.

Financing depends on your scenario and what type of property you're purchasing.

@Mike ReynoldsSeller financing is allowable for Solo 401k purchases.

Purchase price: $110,000 Cash invested: $30,000 Hobby Farm On 10 acres2300 sq ft house with 8 out buildings - Large Barn, Animal/hog barn, Mid-size machine shed (2) 25' x 35' / 30' x 50', Large Machine shed 60' x 60', Grainery barn, Entertainment Barn, 3 car garage What made you interested in investing in this type of deal?