hi Melida. i currently own a 2 family in the bronx and also bought i using an FHA loan. i purchased a home that was being sold FSBO. he agreed to drop the price 15k off the bat since he was saving the agents comission. i just used an attorney provided by my employers pre paid legal benefit. no agents were used. i am biased but i think the Fordham/Jerome area is a great area to invest.

I plan to listen alot more than speak though I work now using mainly open ended questions so I know how to use silence to benefit me.

Then that's where you can buy using your VA loan benefit.

Creates more of a hassle than the benefits it provides. 

It will still be a tax-sheltered retirement plan and everything has to be done at arm's length and exclusively for the benefit of the retirement plan. 

Keep in mind that it would not be "your" investment, an IRA would own the property, the income would belong to the IRA and you personally would not be allowed to benefit from the IRA or any investments it owns. 

I am about to get my real estate license next month, and am getting it solely for my benefit as a real estate investor. 

I always tell my clients: instead of being frustrated by the rules or certain limitations, you should understand the rules and embrace them for your benefits.

Lower cost of acquisition, still have available cash to pay down student loans and also can benefit from having a tenant in your primary residence (house hacking).

Hello everyone,I am debating purchasing a single-family residence to rent out primarily for the tax deduction benefits.