If you're buying a $550,000 home, at today's rates, your monthly payment is like $3500 or so.

The initial setup is nerve racking as you wait for that first check, but once that initial payment comes in, it is on time.

Once you have your team: Realtor, GC, Title Co, Lenders, etc.. and you feel like you trust them, then move forward from there.

We were thinking about taking a loan from that to put a down payment on investment real estate, but he said that he thought he wasn't eligible because he was no longer technically employed.

Chances are you need full rent from all 4 units and good down payment maybe 30-40% to make them break even or cash flow if we can find them. 

hi from the date you got notice that a payment was proceed how long after did you get your payment?

Experienced people you can trust to ask questions and get advice from is priceless.2.

Imagine you rented it out for a month and then missed a payment and rented for another month.

The downside is that tenants miss rent payments and have to take them to court twice.

@Tyler Herman you may do this but instead of an LLC it’s a trust and with solo 401(k) you may borrow up to $50k or 50% whichever is less.