I recently had a client purchase a duplex in Forest Park here in the western suburbs with this exact plan in mind.

We recently came upon a small property and are seriously thinking about purchasing our first rental!

The good news is that there are plenty of great CPAs out there including on these forums.We did have a conversation with him, which is why we selected him in the first place.

Of course - having a w-2 job will never prevent you from setting up an IRA including a self-directed IRA.If yes, how can I fund it?

I am sure many are actually purchasing real estate with these unsecured loans but the investors are not really benefiting from the real estate, they are merely making a fixed return and providing inexpensive equity sources to those who actually own the real estate.

@Mitch Davidson I purchased a property recently and closing in May.

Meeting its standards makes these loans eligible to be purchased by either Fannie Mae or Freddie Mac. 

May not sound like a big deal but i tried to create the account under my biz and purchase a sub-to through the account, and lack of outbound wire was a killer for me.

I’m looking for some advice on a fix/flip property that I purchased with two friends almost two years ago.

Purchase price: $205,000 Cash invested: $60,000 This was the first property I purchased.