We had a CTC 2 months ago and the lender said my wife’s final employment verification didn’t go through at the last minute.

When offering to to pay cash do you use the MAO formula or something similar?

I am definitely going to continue to to branch my knowledge on investing in real estate, but should i be a little more patient before i start investing?

So that's cool :) Considering the situation with the sale and comparing the contract options, I would be comfortable doing a purchase agreement on this with some legal verification.

@Mark SpritzWhile in the the year that you open the solo 401k plan you need to be merely pursuing self-employment activity (see IRS Publication 560 which lists this specific language), it is important to note that generally in order to continue with the solo 401k plan you must continue to to perform "material services" with the intent to generate earned income from self-employment.

Hi all.  I have a friend who is on an unpaid leave of absence from their day job.  They want to invest in an apartment building, but don't have an income during their 3 month leave.  Does anyone know what funding sour...

I'm new to to Bigger Pockets community and I'm interested in pursuing real estate on a full time basis eventually!

Ex: Credit score 625 or above.Income 2 to 3 times the rentJob verificaton current paycheck for last 4 weeks.Occupancy,, limit occupancy in unit / house ,, the total number of people can't exceed that number.Criminal,, no felonies..Valid Social Security NumberNo CosignersRental verification from previous landlord.No prior evictionsSample list.. separate application for all people in apartment,, combined income must equal the 2 to 3 times the rent.. 

Is applying sort of like a condensed version of a mortgage process (tax, income verification, etc?)

I'd love to to see if what you actually calculated plays out in real life in 1,3,5yrs time.Congrats on the pick up.