One year after I used that property to pull a HELOC and this year used that money to purchase an off market 4 family property in Clinton for well under market value, which I just recently finished all of the repairs and upgrades on.

Purchase price: $3,636,000 Cash invested: $700,000 This is a brand new 40 home build to rent manufactured housing community.

Where the SBA 7A can be used for all parts of the purchase and is generally Prime+ 2%, 10 years, the 504 (bricks & mortar only) is generally Prime -2%, 25 years. 

Purchase price: $137,000 Cash invested: $90,000 Sale price: $285,000 This was a single family home in Bates Hendricks.

You owe two taxes:A. capital gain tax on $150k ($500k sale - $350k purchase)  PLUSB. depreciation recapture on $100k of depreciation taken.Now, let's assume that you messed up somewhere along the way, and you only took $70k worth of depreciation instead of $100k.

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. 

Purchase price: $490,000 This is a unique opportunity to participate as a investor in a single family residence valued at $3M and higher.

I purchased a fix and flip that got complicated when we found one of the basement walls was bowing in.

Any advice or recommendations on where to purchase a long term property for rent are appreciated!

Purchase price: $675,000 Cash invested: $250,000 Country estate with 2 houses.