Wealthy folks typically borrow money with ARM because the cost of borrowing is much cheaper.

I am in the "build/add/grow" stage too so I see leveraging/borrowing as a necessary thing at this stage.

If it were $55/month, you are effectively borrowing the other 16.5 percent of the of the deal for $660/yr. divide this by the amount down you don't have to come up with then and see what it is costing you (effectively its interest rate)So basically if you are intent on doing deal 2 in a couple years, that may make your choice for you so that you don't checkmate yourself right out of the gate.

Being that you're borrowing from your 401k and considering an equity line, I would suggest you don't over expose yourself by buying two properties at once.

Family doesnt have the funds to invest in it so cant borrow there.

In a few instances, the bank is giving the borrower the run around and can sometimes make it truly challenging to get complete info.

I've never seen that in my borrowing nor in any of the numerous hard money email advertisings I receive.

I purchased a second, that my team led me to believe was a first, at the courthouse steps.I spoke with the bank who owns the first (PNC) and they are willing to negotiate with the original borrower, but as of now, will not speak with me.

Recap I can rollover my IRA to a solo 401k ,use it for any assets,real estate,stocks,etc, borrow money ,lend money and be my own custodian /what is the Catch???

Is there anyway they can borrow the money from family/friends?