😁 Your Name Garrett Brown🧠 What would you consider your area of expertise - short-term rentals and drinking too much coffee.🙌 What are you most looking to get out of BPCON 2024to network with folks that are as passionate about real estate as me while soaking in all of the knowledge🤝 Fill in the blank: If I could make a great connection with someone who is an expert in _________ at BPCON 2024 then I would leave BPCON happyShort-term rental designs!

If you want to leave your IRA intact and avoid penalties or taxes, consider other options such as:HELOC (Home Equity Line of Credit): If you own property with sufficient equity, a HELOC can provide funds for a down payment without tapping into your IRA.Personal Loan: Depending on your credit, a personal loan may be an alternative.Seller Financing or Private Lending: Look into creative financing options for real estate investors, such as seller financing or private lenders, which can help with down payments without needing to use your IRA.

I fear the timing may be an issue with the large transaction volumes, and money in money out scenario.Any advice regarding the best accounts for SPE LLCs used to invest in and hold real estate would be greatly appreciated. 

This could be an issue, if you don't maintain much of a balance and have other bills coming out on the first.  

Since you already own a property, you wouldn’t qualify as a first-time homebuyer anymore, so FHA loans with their low down payments may not be an option.

Selling to a friend who sells to you again would not be an arms length transaction because you have a personal relationship with them and also you would pay closing costs twice to make this happen which is expensive. 3.

A realtor could be an option, but keep in mind that they may be influenced by their commission.

I agree with @Chris Seveney that Del Ray would be an excellent place to do this.

What we get out of it......creating a group that some of our best borrowers can get access to good deals.More than likely be virtual (zoom etc) and be an intensive, no-fluff training on how wholesaling is done, and what investors are looking for.

If you want to be an LP on 2-3 deals lets say to get you started, typically GPs are asking for $50,000-$100,000 cash that will be tied up for 3-5-7 years on each deal...of course there are exceptions where maybe you can put in $5000-$25,000, but those are more rare, and you're probably not going to become a millionaire with $5000 investment.My thought is before you commit a big chunk of money is go to one of the 2-3 day seminars probably for $300-$1200 or so and network like crazy.....go armed with a list of questions to ask people.