You would probably need to issue a W-2 for your wife.On $100K, it likely will not provide a huge benefit to add your wife, as you would likely not max out contributions in your own name, but having her as a documented employee of the company would allow her to rollover existing savings from another retirement plan into the account.

you don't owe a mortgage, so there is no time clock ticking away for paying this back (plus interest). you also mentioned you have a full time job that sounds like it pays well. why not take a break, save the money you need, or pay as you go per project using your paycheck. if you haven't had to borrow money at all for this project, why start now?

I do have a good amount in savings to put down a 20% down payment.

Well yeah i need to add up my savings. thank for all the input .

I am also a recent college graduate (just graduating this past May) I have some funds saved up, but as of now I am looking to partner up with other investors to go in on my first deal.

They're great to work with, operate nationwide, cover vacant and occupied properties, charge you month-to-month so you can cancel if you sell the property, also can cover ACV instead of rebuild value, which saves you a lot of money. 

I really wanted to get an investment started before I continue on in my medical career so I saved up money and just purchased my first investment rental property.  

One "saving grace" for buyers may be the appraisal.  

Likely not.A self directed IRA is an equally viable means to diversify existing retirement savings into real estate, and you do not need to change plan formats if 2-3 years down the road you get tired of dealing with eBay and are no longer self-employed.The IRS is not specifically targeting self-directed retirement plans.  

Hi guys -I got a property from an auction.We nominated an agent on the buy side, and she gets 3%. However, the auction closing company really took care of all of it - except for the Certificate of Occupancy that she g...