I have money in an inherited IRA account, that I am pulling out to purchase an investment property.

Originally posted by Account Closed:I would buy four single family homes for cash in the midwest. 

If you don't meet above criteria you can not setup a Solo 401k plan.You can use leverage when buying investment property in your retirement account, however because you are considered to be a 'disqualified person' you are not allowed to provide personal guarantee - therefore the loan must be non-recourse.

Account Closed Next time I want to use a "sample city", i'll be sure to use Pittsburgh, PA. lol

We bought a flip and maintenance doesn’t exceed $80/month — we just keep a 5k buffet in an account dedicated for major repairs.It’s funny that we ALL have our own spreadsheets.

It seems every potential tenant has at least a few accounts in collections.

I have a mix of residential, commercial and vacation properties and my management company, which deals with taxes, accounting and generally anything that comes up charges a monthly fee per property.

Account ClosedGreat minds think alike.

I already have a portion of my paycheck sent directly to a savings account but that of course earns almost nothing with interest.What are some other interest earning options I can do for automatically saving money so I can buy my first deal in the next 12 months?

Account Closed thanks for the reply!