The penalties from Austin legislators are stiff if they do not comply.

I would always use some other form of collateral, or try to work for a no collateral loan.With my parents, I offered to take out a loan at 4% for 10 years, which may even be below the current IRS standards, and my parents thought it was too stiff.

The competition for 3BR homes is stiff in our market (Chicagoland).

It is hard for me to believe that if one bent over backwards and required all of this prior to accepting investment dollars that they'd be facing stiff punishments.

They will drain you dry when your tenant stiffs you on payment and you are left paying the mortgage you promised you would pay from your seller.

If that payment is too stiff to allow it to cash flow.....Ask the taxing authority for a balance they can take to release the lien to allow a sale.

Your partner deferring payment until the prop sells is perfectly fine and makes sense to mitigate the risk of running out of money (which would necessitate borrowing from a party that is not disqualified, or selling project "as is", likely at a loss).If you had personal cash, you could also partner with your IRA on the front end of the deal (take title in both names), at a predefined % split.Be aware that flipping profits in IRA accounts are potentially subject to the stiff UBIT tax, based on "intent" to flip, which would be determined by the facts of a given case, as well as pattern of activity.

Jon K.Like you, I do not understand the business case ... unless the premiums were very stiff!

There her stiff penalties if you check someones credit without authorization.

Those that commented on the discussion agreed that there is stiff competition in their markets between home buyers and investors trying to get the good deals when they come available.I’m hoping that there is still plenty of new inventory coming down the pipeline from the banks in most U.S markets.