I'm Renee and I am a real estate investor and agent in greater Long Island NY area.

Purchase price: $160,000 Cash invested: $35,000 Another 1% single family deal in a transitional area creating long term wealth

I am a current university student with about a year and a half left, who has been interested in finance and real estate for a long time!

I see little benefit in the FHA as an option as long as the 5% conventional loans are available now.  

Hey Bree,It's fantastic to see your excitement... it reminds me of a friend of mine who was in your shoes not too long ago.

Most commercial lenders do not require any seasoning for that entity which means that you can create an LLC and use that entity to purchase the property immediately as long as you have the proper documents.

@Anthony VaganosI haven't checked this in a long time.

It's a VA loan, so long as someone can meet the requirements.I have it as a subject to, subto, so it can be done with creative financing too. 

I have the "Bidding to Buy" book next on my reading list, following by David Greene's "Long Distance Real Estate Investing" book. 

As such, you qualified for a truly self-directed Solo 401k plan (as long as you don't have any employees working for you).