I am considering two options for purchasing a A+++ SFR cash, Option 1 to place in a self directed IRA and let the IRA own the property and Option 2 is to buy in cash upfront and pay the taxes owed.I am 62 years old and have another five to seven years prior to retirement and so I am trying to set up my portfolio for income generation by that time.

I probably should've made this post prior to purchasing but as they say, the next best time to plant a tree is today.

Hi All, I am looking at purchasing my first STR in Skagit County WA, just north of Seattle.

My goal is to at least have positive cash flow while I build equity in the investment property.Has anyone successfully purchased a buy & hold with this strategy?

Baltimore was undertaking a renewal and I purchased a bldg. near downtown on the west side.

Purchase price: $402,800 Cash invested: $148,673 Sale price: $590,000 Our 1st rehab flip!

They told us the price of the renovations would be included in the purchase of the home and we were nieve enoough to believe them.

Purchase price: $65,000 This property was a classic grandma home that needed some TLC to bring it up to modern standards.

Read this: https://www.biggerpockets.com/forums/51/topics/1164415-ne-re...Similar situation but related to real estate education costs before a new real estate investor purchased 1st investment property. 

@Bill B.and @Tylere Weaver, A lease with an option to purchase is a very good idea to give yourself the option to do the 1031 exchange later.