Now that you have achieved the goal of paying down debt you can leverage your good credit to obtain either personal lines of credit or if you have equity in your personal home you may leverage that as down payment money on a acquisition loan or use that to purchase low costing investment property, depending on what market(s) you are looking to invest in.I've personally was in your same position and used personal loans to outright buy investment properties in various markets and I wish I would have known about lines of credit prior to getting involved with loans.

Hi everyone, I'm currently looking at a ~1100 sqft 2 bed 1 bath townhouse with a finished basement in a B-class neighborhood.  I've been to see the house twice and it does not need a lot of work. It's basically move-i...

Good property managers and contractors will be your eyes and ears especially when things go wrong.

If things work out right, I'll be able to take my severance and buy a third in Indiana or Ohio (I've been eyeing the Ohio market). 

My wife Aradia and I are a few years out from retiring from the military and have decided to get involved with real estate investing.

For example, an investment in western Arizona or southern Nevada may be easier for you to keep an eye on, should you need to or want to visit the property, with only about a 4hr drive. 

I am an out-of-state owner of a single-family house who needs a good pair of eyes and a set of skilled hands.

Yes dive in with your eyes open!

The IRS generally opposes self-dealing and can assess sizable penalties on both the business entity and the individual involved in the transaction. 

However, I have to scrub through all the notices to check if there is any real estate involved in the distribution.