I have acquired a property with a 3 yr lease option with ZERO down and Deed signed over to me, now what I would like to do is use that property as collateral to acquire another property within the 3 yr and continue that process.

I was asking whether the property acquired after the exchange has been done (the new investment property) can at some point be used as a primary residence (in a worst case scenario in which I need a roof over my head, say).

For that reason, I think I'd do well acquiring more buy and hold multis (and who doesn't want the passive income?).

That is a great plan to acquire properties under market and build a portfolio.

Within one year from the time an asset is acquired the value is "book value" the cost of acquisition plus the costs of improvements.

I wanted to buy an old roller skating rink and turn it into a mixed use athletic center.

I acquired the property from my yellow letters.

In additional to all other benefits mentioned above, Solo 401k is a great tax-sheltering vehicle, allowing you to shelter huge amount of money from taxes.When you use financing to acquire real estate in a SD IRA, the portion of the income from the property will be subject to UDFI tax (type of the UBIT of about 35%)!

While I plan on acquiring more properties, I'm finding the opportunities are not coming as fast as I would like to deploy my investment capital.I'm considering branching out into other aspects of real estate investing and hard money lending has caught my interest.

So, recently I have spent a lot of time on BiggerPockets building out a strategy and plan to acquire more property in the Kansas City metro area where I now live.I am interested in buying single family homes ( 3br - 2bath) and renting them for the long term.