Borrowing with your 401(k) or IRA can be tricky and painful if you have losses you can't cover with your retirement account.

In his books Kiyosaki says the wealthy seek loopholes and actively participate in tax avoidance.

You may be best served by seeking out a very strong attorney in your local area, here in Virginia, to represent your interests.

(had to tighten a hand rail, replace the two pumps on the furnaces, put batteries in the fire detectors (I forced them to rewire the fan and lights in the bathroom).Its a pain dealing with an unmotivated seller, and a real estate agent that relies on email to get anything done (especially with the city (when repairs were done, told me that main inspector was sick, and underling was doing inspections and that he was emailing back and forth about getting the rein spection, It took one trip to the city hall in person for me to get the place inspected the next day)).None of this would of happened if I hadn't had the code to the lock box.

So based upon what you are saying, it sounds like we need to seek out a more experienced partner to join forces with?

As I dive into real estate investing, I am currently seeking a silent cash partner to fund the purchase and rehab costs.

What type of investments are you seeking or should I say what is your exit strategy?  

Hi BPers,On & off lurker here that's finally taking the plunge into property and seeking some advice.My wife and I are looking for a Financial Planner to help get us going (overall wealth plan).

Also seek out any REIA's in Georgia close to where you are moving and learn the market there and you should be fine.

You're in a major metropolitan market so there's a way somewhere to get it done...provided the numbers are right and your income & credit are solid.Beyond that, you can always keep the unit you are in and seek another unit with owner financing....where someone is sick of it or is retiring.