An IRA is a retirement account, if you have enough money in a retirement account where you can invest in RE and if you plan to use ALL earnings for retirement purposes, it is perfectly fine. 

Moreover, I am currently earning my MBA degree from Western Governors University while working full-time as an IT analyst.

Donny Gothard is the man and he has earned every bit of that great reputation.  

Ruben,I am getting my real estate education through a local school and it is all online with in person breakout classes taught by professionals that have earned over $1Million doing what they teach.

I like the idea of flipping but was recently introduced to the BRRRR strategy and it has peaked my interests also.

TBer pays a 3% option fee, which is your profit, seller sells for 97% of CMA average as a strike price.You as a licensed agent earn 3%, seller gets a net sales price of 97% of average comps, TBer gets to use the house for 12 months, and buy at a fixed price. 

I want to be an agent because I need to earn an income but I also want to learn new skills (e.g. marketing and lead generation, negotiation, market analysis, etc.) and have some side benefits in the process (e.g.

It may make sense to use an S Corp if you are generating earned income.

In your scenario, given those two estimated settlement statements you posted, 20% down and then doing a cash advance from your credit card for $8,000 at 18.3%, is identical to doing 15% down w/ PMI and the higher rate.So, the question really is: If you keep that $8k in your checking account, are you going to put it to work somewhere guaranteed to earn you greater than 18.3% ROI?

., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)