We're looking to raise money for a down payment which is why I considered the line of credit option.

I am a complete newbie to real estate and I'm looking to make a switch in my life and taking part in an industry that can set me up financially for the future and forward. 

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.

Next I would consider alternative uses for the land, and market the sale toward those uses.

Hi all, I'm looking to invest in BTR, spec or rentals in Illinois (specifically Bloomington-Normal, but will consider other locations) and would love to connect with other folks investing in IL.

You could set up a “deferred down payment for 12 months” or have a stepped up down payment (so much per month until number is met) It's really whatever makes sense for the two of you.Things to consider, property taxes have to be paid, repairs have to be made, vacancies have to be accounted for, insurance has to be in the name of the person on title.

It's a different skill set from handling the legal work for the underlying real estate transaction.

Hey @Tyler Gilpin, once you have more than a few properties, you'll want to consider software.

@Errand P Braithwaite We aren't big fans of collecting advanced rents because there are legalities behind it BUT we don't consider it a big red flag at all.

We want to utilize our income to set us up for financial success as we get older and for generational wealth for our kids.