Putting properties into your IRA means you have to be "passive" meaning you can't be hands on with the properties anymore. 4.

Normally I put the property under contract with a real rough estimate.

Maggie, keep in mind that pricing is based on demand so “expensive” property will usually outperform “affordable” property that is affordable because it’s often a crappy house in a crappy neighborhood that will attract crappy tenants.

It ties up your liquid assets into a property, slowing down your ability to grow/scale. 2.

When you tell your friends you are a real estate investor, they want to hear you are investing in flips and cool multifamily properties.

You can speak to the lenders you are talking with about their debt to income etc. if you are getting conventional loan they will take that into consideration, if you go with a DSCR loan they look more at the metrics and financials of the property.

Or, I sell the Stockton home and put the money made, along with my savings towards the Sacramento home and be mortgage free within the next few years.My long term goals are to have cash flowing rental properties, but to also be financially and debt free. 

Hey All, I wanted to get some advice on how to use other people's money to purchase a long-term rental property. 

I was a little busy dealing with the hurricane (buttoning up both rental properties as well as my primary home) and evacuated myself on the 8th.  

Have you considered using long-term rental loans to finance your properties?