The SoloK, for instance, allows you to use a Saver’s Credit up to $2,000 ($4,000 if married/filing jointly).

It might make sense to partner with an experienced investor in this instance. 

Many famous people whose stocks you own and/or whose products you buy started off with loans from parents.

So people always want to check because when people like yourself go over the limit and need a down payment anyways, I’ve seen instances where banks have funded them at 4.5% down and unnecessarily charged a way higher funding fee just because they didn’t know what they were doing.  

Being concerned with a downturn is a good way to never get started as per question 4 of the Famous 4 on the podcast.

I would like to invest in Ohio, for instance but need a portfolio lender given the size of the loan(s) (under $40k).  

Hello Biggepockets community, I’m new to investing in property as a whole saler I put into offers on two different properties and the realtor sent me the contract and both contract states that the property cannot be assigned what do I do in this instance.

For instance if you’re one of the people that think the 1 percent rule is a good idea, Then base your loan amount on that too. 

@Jay Hinrichs has been in the real estate business for forty years, and has probably forgotten more about this than I've ever learned...for instance, I've never bought any OREOs from auction.com or any auction site.I have never done a closing sight-unseen.

These instances are where having no money really hurts.