The point of the exercise is to make money and be satisfied, or find an investment vehicle you like better.

Our goals are to be able to finance big expenses in the lives of our descendants (college, down payments, vehicles, etc), to be available to them as they eventually move into a season of life of having children and purchasing a home, to leave an inheritance to our children/grandchildren/great grandchildren, and to provide opportunities for our family to work with us if they would ever want to (bookkeeping, property management, contractor, rehab, etc).I would love to connect with some folks in the Ames/Ankeny/Des Moines metro area and talk about REI!

@Dave WilliamsMost on this post have already cleared a lot of things up with precise information on what a buyers agent does.

Now everybody situation is different but I think you can utilize a HELOC to pull at your equity to get into another investment vehicle rather than using the cash on hand.

In order to achieve this, I want to use REI as a vehicle to build long-term wealth & achieve financial freedom.

This vehicle also give you "checkbook control" but does not require an LLC nor custodian. 

My interest and journey into the world of real estate investing began near the end of my time in the military when, by chance, I ran into some Robert Kiyosaki videos on YouTube which led me to read "Rich Dad Poor Dad" and from then on I knew that I wanted real estate to be my vehicle to financial freedom.

Plan is created, instead of using a custodian, 401k Trust will be used as a vehicle to hold plan assets.

Plan is created, instead of using a custodian, 401k Trust will be used as a vehicle to hold plan assets.

Success depends on you and not the investment vehicle.