A lot of folks hype pulling a partner in - but for building cash flow, especially purchasing your first property, I don't see a better method than getting qualified for an FHA loan, save up that 3.5% and go buy a two/three/four-unit where numbers make sense.  

It's great to have experienced folks join the site!

Yes, succeeding in Real Estate takes time and effort, but yes, it can be done, as these folks demonstrate.

They have all been tire kickers looking to buy at a steep discount as well or folks wanting to meet for coffee and 'pick my brain' about investing.

If you are in the 30% tax bracket, that is approximately a negative 25% ROI for the plan principal that you borrowed.And, you will be taxed again when you eventually withdrawal this capital from the 401k in retirement.So, the benefits of borrowing from the plan in order to fund an outside deal need to be well worth it.In my opinion, too many folks look at this as "easy money" and promote the 401k loan as a great way to get started in real estate.  

I've never used BP marketplace so I don't know, but most of my deals I've discussed here have been crapped on by folks who think they suck. 

Yes, you will have to file for eviction, get a court date, go to court (or have your attorney do it), get a set out date, get folks to help with the set out and then you will be rid of the tenant. 

Melvin F.Nice to meet some more IT folks on the forums.

I see advantages to continue renting while we invest in other properties.Only have to take out one loan for the investmentRenting keeps us from any personal maintenance costs we have to incurInvestments can eventually pay for our homeI don't know much about lending rules, but I'm curious to hear from experienced folk on advice here.

Folks, Apologies to the Mods if this is in the wrong section.