The Solo 401(k) also has the advantage of being more favorable for real estate investments using debt-financing such as a mortgage - as the 401(k) is exempted from a small tax called UDFI that an IRA would pay on the percentage of income derived from the borrowed money.So, as you continue your research and get feedback here on BP, think about what type of program will best suit you needs and be sure to ask questions along that line.

The Solo 401(k) also has the advantage of being more favorable for real estate investments using debt-financing such as a mortgage - as the 401(k) is exempted from a small tax called UDFI that an IRA would pay on the percentage of income derived from the borrowed money.So, as you continue your research and get feedback here on BP, think about what type of program will best suit you needs and be sure to ask questions along that line.

Further, he can go online to any one of an increasing number of crowd funding sites offering investment in both secured and unsecured loans at 6% to 36%, again depending on risk factors, etc.I have found that the "competition" for the private loan seeker is not the interest rate paid by banks, its the return provided by other at risk investments, such as equities, bonds, derivatives, REITs, etc.  

Similarly, you can only use 75% of the income derived from rent to meet the debt-to-income qualification.

I would get his income, expenses and try to derive the NOI.  

If it's an SFR "second home" (aka vacation home), and it isn't necessary to derive rental income from it to make the mortgage math work, then 10% will do.

I have bought direct from owner  adn clsoed with an attorney -- NO commission paid.A  Do a  good market analysis - get some comps from RE Agent - FREE    or by Zillow.com - compare features and square feet .. and derive your price - then    negotiate with owner - offe 15 %  less in first offer --then decide where to stop..C   Have a bank - prequalify you for loan amount D    Ask bank or two RE agents for referal - name of closing attorneys.

The Solo 401(k) also has the advantage of being more favorable for real estate investments using debt-financing such as a mortgage - as the 401(k) is exempted from a small tax called UDFI that an IRA would pay on the percentage of income derived from the borrowed money.So, as you continue your research and get feedback here on BP, think about what type of program will best suit your needs and be sure to ask questions along that line.

I did not receive any commission... instead.. my income was derived from the difference of the price I purchased it at, vs. what I sold it at.Your question is illogical, because it assumes several things that are not true.  1.

The difference is whether or not the property is in a high hazard floods zone or not, typically identified as a flood Zone A or V and their derivatives.