There are a million reasons why a buyer who has a pre-approval from a lender and makes an offer through their own agent, but still can't get the deal across the finish line; lost job, death, debt to income changed, doesn't like something on one of the many, many reports and/or disclosures, job change, divorce, injury, just changes their mind and walks away... the list is endless.

This will be my first deal and wanted to see what some more experienced investors thought before I pull the trigger.

Before pulling the trigger, let me know, I might be able to save a bunch.

Do your initial analysis and if it passes, do whatever it takes to get smart, mitigate risks, find someone to verify your analysis (third party consultant or feasibility company)  and then pull the trigger once you are satisfied that you have a winner.

There are great turnkey opportunities all over the country, so if you try to chase them all down you'll drown in opportunity without being able to pull the trigger on anything.

I look forward to learning as much as I can and hopefully pulling the trigger on a buy and hold as soon as I can convince the Mrs.One question I will be researching on these forums first is how to determine the quality of a market.

You're response triggered my key words alert!

That is why I am weighing my options right now before I pull the trigger.

It says:"Interestingly, unlike an IRA, using nonrecourse financing to purchase real estate will not trigger the UBIT/UBTI tax since it will not be treated as Unrelated Debt Financed Income (exception exists for 401(k) qualified retirement plans but not IRAs under Internal Revenue Code Section 514(c)(9).The type of income that generally could subject a 401(k) or Solo 401K to UBIT or UBTI is income generated from the following sources: Income from the operations of an active trade or business through a passsthrough entity (i.e.

Borrow money to use along with 401K funds and NOT trigger a UBIT type tax as you would with an IRA3.