Either will result in the full early dispursemnet of the IRA and result in the moneies taxed along with an additional 10% penalty.

In addition, it is also possible to get 100% financing with subject to, lease options, and owner financing.With rentals, CASH FLOW IS KING!

As another person stated, there's just not enough information about the scenario and the individual needs of the borrower to determine if an interest only loan is appropriate.There is no restriction on an interest only loan preventing a borrower from making principal reduction payments.

Note that this does not include gasoline:March 19, 2007: $649.00 (course)July 28, 2007: $71.00 (licensure exam)August 6, 2007: $55.85 (calculator)August 10, 2007: $59.50 (fingerprinting)August 13, 2007: $100.00 (E&O insurance)August 13, 2007: $150.00 (license application fee)Sept. 3, 2007: $8.98 (Your Successful Real Estate Career)Sept. 11, 2007: $6.43 (stapler)Oct. 3, 2007: $225.74 (REALTOR dues, application fee, and MLS)Oct. 4, 2007: $188.38 (lock box key)Oct. 4, 2007: $51.84 (electronic measurer and business card magnets)Oct. 5, 2007: $1,229.74 (laptop)Oct. 7, 2007: $75.17 (cellphone)Oct. 13, 2007: $47.68 (additional auto insurance)Oct. 17, 2007: $75.00 (REALTOR ethics class)Oct. 23, 2007: $5.33 (postage)Oct. 28, 2007: $31.14 (laptop case)Oct. 29, 2007: $107.77 (wireless router and pocket notebook paper)Oct. 29, 2007: $46.92 (cards and envelopes)Oct. 30, 2007: $1.23 (postage)Nov. 2, 2007: $2.05 (postage)Nov. 5, 2007: $70.00 (installing router)Nov. 6, 2007: $0.41 (postage)Nov. 12, 2007: $131.30 (cell phone)Nov. 13, 2007: $10.55 (postage)Nov. 16, 2007: $265.00 (Chamber membership)Nov. 16, 2007: $27.00 (PAR dues)Nov. 28, 2007: $0.82 (postage)I've been an agent for two months now, and so far no commissions.

Best if luck and congrats on the new addition.

Another thing to consider is egress for the additional living spaces in the basement.

Additionally, you will know more about the condition, strengths/weaknesses and performance of that complex than anyone else, probably including the owner.

My long term goals include owning additional real estate properties and renting them to great tenants while using my love for tools and home improvement to continually make them better.

The property is approved for 2 additional buildings but approvals for additional buildings could be sought.

We will use the income generated from the properties to buy additional properties and at some point anticipate the combined income from all the properties will help us add an additional one or two to this portfolio.