Quote from @Cody Miller: I have been in my home for 7 years and have accumulated some equity and wouldn't mind using this to buy a rental Most people will recommend you cash out some of that equity and use it to purchase a rental.

If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.Our OPINION for the most markets (always verify each area for yourself!)

My wife and I purchased our first property two years ago in Salt Lake City for a good rate at 4.29%. 

Purchase price: $50,000 Cash invested: $30,000 First BRRR property.

The IRA owns the LLC and you can act as manager.In both cases, there is a legal entity under the umbrella of the plan that you control and use to invest, without the need for 3rd party processing and per-transaction fees.On the investing side, the 401(k) offers one advantage, which applies in the case where you might use mortgage financing for the plan to purchase a property.  

Enjoy the ride!

I purchased a 15 bed facility back in 2017.

I purchased homes when I was married.

Hello Bigger Pockets members, in your opinion what is the best way to invest in real estate without purchasing property or buying a REIT?

DSCR only requires that the rents be equal to or greater than the PITI payment or the ITI payment if you go I/O interest only.You can use DSCR for a cash out refinance, Purchase and even a "Rate and term" which is when you want a lower rate or get out of a HML - Hard Money Loan, Balloon payment, Adjustable rate getting ready to expire/adjust (Recast).