You would need to factor in the cost of the conversion as that would likely create a loss, then we would need to know your depreciation schedule.

Your mention of using the solo(k) for down payments on real estate investments could end up being prohibited depending on the details and structure of the investments. 

And that's even using the high rent estimate, a low vacancy rate (8% would be more realistic), and a very low property management expense (10% of rents is pretty standard), just for starters.If you personally were going to live in this property, it would likely be a slam-dunk...... but, as an investment, it's a money-loser!

Happy to answer any questions on the Jersey City market.  70% of my clients are moving from NYC and it is a great place to invest in.

I've been investing in apartments for the past year.

@Gregg CohenHey Gregg,So my wife and I are brand new to investing and was looking at different ways to generate income.

It depends on a few factors.1.

They can help ensure that you fully understand the terms, any potential risks, and the implications for your investment.

Hi Beth,I invest in Warren.

A lot of people like to tout that private lending is this risk free business alternative to owning your own investment properties.