It is still a 2nd and subject to the performance on, and subsequent actions from the first lender.

It doesn't matter if you are young or old, totally new or need to build upon your experience.Yes, you have just announced a commitment to the thousands in this community about your seriousness regarding REI and have taken this bold step to affirm it.Your time on this site and with the BiggerPockets community will be well spent and can be financially rewarding if you so desire.You are here at the Forum, but, should raise your mouse to the top and explore the otherheadings displayed.Don't get overwhelmed by the massive amount of data archived on this site.Simply, bone up on the areas that you need to expand knowledge in such as, Forums,Marketplace, Learn, Network, Analyze, Resources.Feast on the Podcasts, #askbp Podcasts, blogs, webinars and the myriad of bookrecommendations.Also, you can review the quick links below to help solidify your grip on this site. http://www.biggerpockets.com/starthereSetting up Keyword AlertsHow to Use @Mentions on BiggerPockets25 Tips for Real Estate SuccessAfter becoming more knowledgeable and confident because of my above suggestions,take action to snag your first real estate investment deal if new or add to yourexisting holdings if you have prior experience.Don't get caught up in analysis paralysis.You must immerse yourself in the RE marketplace locally in your neighborhood or afar if the situation warrants it.Take calculated risks if needed and you shall be rewarded!"

There is always a trade off:  Cash Flow or Appreciation 

But I could buy a restaurant, buy the building and sell the restaurant to another entrepreneur, trading my down payment on the property for a great building with a highly leveraged, lower interest commercial loan. 

You will learn that some actions are not as useful, some will not produce the desired results, however you'll occasionally experience fear. 

@Kyle BuckWelcome to BiggerPockets. well done on the action (first post) and great reasons (unlimited income) to be involved in rei

Joshua, First great job with taking action!

So, you cannot be the handyperson or hardware store delivery clerk for your IRA's flip transaction.Flipping is also something that is considered a trade or business activity, and if carried on at a regular or repeated basis the gains from such transactions are subject to taxation known as UBTI.  

That said, taking action on a well vetted plan is key as well.

I am an attorney by trade but like the idea of retiring early through real estate, hard work and discipline.