Hello all,I am a real estate investor from Augusta, Georgia; and I just recently was granted the opportunity to purchase my first real estate property while in college.

This is slowly moving towards August as the college students are looking for August 1st leases instead.That being said, my lease is a July 1st lease.If it's cold, no one wants to move.  

I am an agent and investor in Aiken/North Augusta/Augusta.

And that’s a benefit in today’s world, where the ups and downs of the stock market make daily news.PLUS: For more information on alternative investments, which include venture capital, private equity, hedge funds, real estate investment trusts, commodities, precious metals, wine, art and coins, read this article.http://www.thestreet.com/story/13155301/1/7-common-alternative-investments-that-all-investors-should-know.html

Your credit score is a very precious thing, it's your reputation with money and will help you get that loan.

Hi,Seller accepted my offer in homesearch.com and the house is in Augusta,GA.

I'm planning on purchasing my first home in august as my primary residence; however, I want to purchase a home that I can turn into my first rental when I purchase a second property.

Time is the most precious resource though & I only fight when I think I can win. 

Following are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k SimilaritiesBoth were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions; andBoth are prohibited from investing in assets listed under I.R.C. 408(m).The Self-Directed IRA and Solo 401k DifferencesIn order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability company (IRA LLC) must be utilized;The solo 401k allows for checkbook control from the onset;The solo 401k allows for personal loan known as a solo 401k loan;It is prohibited to borrow from your IRA;The Solo 401k may be invested in life insurance;The self-directed IRA may not be invested in life insurance;The solo 401k allow for high contribution amounts (for 2017, the solo 401k contribution limit is $54,000, whereas the self-directed IRA contribution limit is $5,500);The solo 401k business owner can serve as trustee of the solo 401k;The self-directed IRA participant/owner may not serve as trustee or custodian of her IRA; instead, a trust company or bank institution is required;When distributions commence from the solo 401k a mandatory 20% of federal taxes must be withheld from each distribution and submitted electronically to the IRS by the 15th of the month following the date of each distribution;Rollovers and/or transfers from IRAs or qualified plans (e.g., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)

Ever since then, I started reading, looked for new content, and researched like something has possessed me.In a way, Real Estates sparked a light of ambition in my heart and ignited my passion tofocus and learn about something I can enjoy doing.With the momentum I gained from wanting to study real estate, I absolutely dominated all my classes in school this semester.I feel like going to school and completing my undergraduate in actuarial science to become anactuary is the safest route to take, but there is a voice in the back of my mind telling me to start working as an agent.I have completed all of my real estate classes for the license test, and will be taking my test shortly.Although it may seem like a safer option, going to school means I will not be able to invest or create any income for myself for 2-3 years.As well as accumulating what we know of as "bad debt" such as student loans.There are many pros and cons factored into both sides of the argument, and I just wanted some advice from Realtors, and anyone on the BP forum.Thank you for your precious time!