Jimmy,You need to show (2) years of 1099 SE income in order to use FHA, or traditional financing to get approved for a mortgage.

It seems there’s a common misconception largely influenced by social media, online courses, and influencers who oversimplify the process that real estate is an easy, passive way to generate income with minimal effort.

If you don't care about income and are more of a capital gain kind of guy, prices are already high (as you noticed) and there's plenty of land available to buy so I'm not sure how much is left in the tank.

Due to the university there I worked with a lot of incoming families and getting what they needed for their dorms.  

(I REALLY can’t stand state income taxes.  

I encourage everyone to check out the podcast Tanisha (CEO of Tardus ) did with rent to retirement, you can view it on the rent to retirement page. 

So, it would then potentially cost you a penalty for early withdrawl and also income tax owed on it.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

I am 80 years old and rely on investments for retirement income.

experience: I’m on my 3rd flipage: early 40sday job: brand and web design/development retirement savings: noneI want to learn about buy and hold to secure having SOMETHING for retirement!