Our understanding is that if we designate the $60K as "OPTION CONSIDERATION" - these funds and the USE of these funds are NOT Taxable to the property seller UNTIL one of two things happen; # 1 the OPTION gets exercised, or # 2 the OPTION gets cancelled.

===BTW if you want a free monthly just SMS transaction costs tool that is dirt basic have a look at:  theautomatedrei.com  it was initially designed to scrape leads off CL / zillow (fsbo) but you can also upload a list then SMS.   

I have a background in design and come from a long line of handy people as my Grandfather and Father have both done their share of renovations and home construction.

As a homeless advocate, I wanted to create and design something that will make housing affordable in Los Angeles.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

The GNND program is offered on approx 1% of HUDS inventory and the property is designated as such. 

Construction costs in NJ are high but we help owner builders design and contract out their build.

So seems he's basically recruiting people to be hard money and bridge lenders in a variety of contexts using his own capital to start with (after they pay the membership fees) so it does seem like it is designed to work for people right up front for the first few deals he is hand-holding you through, but I have a lot of questions about what happens when deal flow or membership slows down and who exactly is left holding the bag.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

All the roofers who have been up there were saying the roof is good and the leaks were due to other issues (installation of RTU, design of a special thing on top Jinya Ramen), not the integrity of the roof.The roof warranty was transferred to us and is not null and void.