I am a rookie investor hoping to purchase my first property within the next 90 days.Kwanza Hi Kwanza,The first thing you'll need to decide is whether or not you want checkbook control of your self directed IRA. 

Without control in the deal, you’re at the mercy of both the lender and the seller, which is not a good place to begin in real estate investing.Because you’re not putting any of your own money into the deal, neither the lender nor the seller has much incentive to be flexible if problems arise. 

As important a consideration is how will you reinvest/spend the proceeds from the sale to build wealth.Hope this helps.

I went from growing up in a hut in Vietnam and spending my early years in Section 8 housing in the U.S. to now owning four cash-flowing properties (8 units) across three states.

I just can’t imagine how everyday people spend this much money on pipe.I don’t think insurance covers any of the foundation repair, also wonder if insurance will cover any of the sewer line repair work?

However, just as a new real estate agent/broker will acquire a solid basic education in real estate principles, real estate law and real estate finance by studying and taking classes for the licensing exam, other careerists will have two legs up by spending time acquiring knowledge before embarking on paid working career. 

you are going up against people and companies that spend thousands or even tens of thousands of dollars a month in marketing. 

Some fear losing control, while others are unsure how to structure a fair and profitable partnership.

I think a middle ground could be reached there but alas not in my control. 

Maybe they’ll build a wall around DC so that he can better control his new Kingdom!