It all depends on what you want and what you're trying to achieve.Personally, I have never done an additional payment to any rental but I have focused heavily on paying down my primary residence.

If employer doesnt match, might as well do a standard ira if you qualify.

Why are you buying in Birmingham AL instead of Philadelphia if you reside in Abington, a suburb of Philadelphia?

Figure out how to qualify for a Solo 401k then you avoid altogether UDFI/UBIT on leveraged real estate.

I would like to convert my current primary residence to an investment and rent the home.

(whatever it is you use).Some people borrow against their personal residence with a HELOCK for this needed cash, but I've seen those go bad in several instances, and the results were not very pleasant for the borrower.In many instances working a second job can allow you to set aside cash, or you might inherit it, or find a cash filled partner.But the bottom line is, initially your success is measured by how much cash you have to invest.And be careful of Hyperbole.Good Luck!

To answer you question on getting qualified, I recommend getting quotes from multiple lenders as they are all different in terms of what they can do for you.

Hello everyone, My name is Gabriel Camacho (26) - Currently reside in CT .

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

Does anyone know if I qualify for this, if I don't have flood or wind coverage with the insurance company.If anyone else is in the same boat, feel free to connect.