I don't actually believe the home is worth that much. 

Abraham,Actually you can cross collateralize some or all of your properties and use as down payment to purchase apartment.

Sure 30k may appear good, but if in that same period you're paying $35k in debt, you're not actually coming out on top.

I am still surprised that you could actually find something decent in a good neighborhood for $1 mil in NYC.

Hey Jeremy, Thanks I have been looking to find people wanting to use SDIRAs, but its tricky finding people who have it set up to actually direct the IRA.

I actually also read your response to the Dallas investor--thanks for sharing with me. 

Yeah i actually recently found out what a series LLC was and that was a great idea , now with Business it wouldn't be the same process of residential ?

This was actually listed on the MLS.

Once I build up enough cash reserves from my first investment property and my current excess from my wages I will most likely go the LLC route and begin controlling my assets instead of owning with my next investment.

How experienced is the investor doing what needs to be done to make that 20% worth the actual dollars needed by you?