If you are good at finding fat and juicy deals, you can write your own ticket.So when a hard money lender says to me, "can you go to our website and complete our loan application, I immediately roll my eyes at him.If he now says, we have to check your credit, I immediately say in my mind "FU"Sometimes, I let them go through their spill.These are our criteria, "you have to have 30% of your own money in the deal.First I say, okay, here's my scenario.I am on contract to by this property.

because you're 'cutting- in on the banksters and BIG RE's, etc. action... under the usual guise of 'little man' corruption, while the fat elephants steal everyone, even blinder???

I accidentally posted before a final proofread on the BP app (tiny screen with fat fingers) Please don't judge me up too harshly.

Get those big fat BAH checks associated with the zip code your school is in, pay your rent, pocket the difference. [[ Possible bonus points: On top of that, many universities (the entire UC system, for example) force you to apply for FASFA even if you do not want to or need it.

It somehow tastes better when you know how much "fat" you are cutting out of your life.Regarding the house I proposed moving to my wife and renting a smaller place but that was a non-starter. 

I will correct a "fat thumb" typo...

If you put a tenant in there and they are rough on the place then you just have to deal with that extra hassle next year before selling again.Yes you may not be walking away with a fat check like all of the success story flippers will, but you will likely at least be at a break even, PLUS all of the experience you got.

At the very least I'd make sure I had a big, fat, enormous reserve fund as it could take a little while for the property to stabilize.

My first local flip was very successful but that was in the good old days when finding fat deals and then selling them was easy.

That said, I'm sure you hope to live to be 59 and older, and having a big fat pile of tax sheltered income to draw from at that point in time would be a benefit, even if you have done other things to allow you to leave the rat race at an earlier age.With a self-directed IRA, you can diversify any existing savings into real estate and potentially get better results than investing in conventional financial products.