Originally posted by Dean Letfus:J Scott Record an abstract of the contract with the county register and or put a lien against the property would be 2 options.That would work in the case of a lien-holder who checked title prior to recording a lien, but I'm not sure it would prevent a contractor, for example, from recording a lien.Not sure I can think of a non-convoluted situation where you could get screwed by this, so perhaps it's not a big deal, but it just "feels" like there is a situation where the seller could do something stupid to purposefully or accidentally screw you over.But again, nothing obvious comes to mind, so maybe I'm over-thinking

Bryan A. is from Charlotte NC, long term holder I know and do also some rehabs.

In ky when you foreclose on a property, it goes to a master commissioner's auction and the highest bidder at that auction takes possession and the lien holder is reimbursed through that sale.

Having money and making a loan may put you in the position as a lender/note holder. but having money to loan does not make you a lender or using other's money might have put you in the position as a broker, but that in itself doesn't make you a mortgage broker unless you have met the compliance issues of a brokerage operation.With you suggesting soliciting fundss as you did simply demonstrates a lack of legal requirements and your description of interests held in a collateral postion were really off base, so that too shows those here who do know that you are not a real mortgage broker as legally defined.

In addition to the obvious contribution limitations, the dangers of self-dealing, and general ease of "messing up," a self-directed retirement plan also eliminates the ability to take advantage of significant real estate benefits as depreciation and many business deductions.Agreed.As far as the debate over Roth rollover or not, you are also correct that in large part, it depends on age and income level of account holder.

I have known many people who are waiting for immigration and in some cases they would not be able to get SSN in certain visa categories.

I have heard buy and holders in my area rave about Sect8 because of the guaranteed rent payments.

For example, this is probably a violation: "Allowing a disqualified person to currently benefit from the IRA’s investments conflicts with the idea that tax-deffered funds are not truly 'owned' by the IRA account holder until they are withdrawn during “retirement years” and taxes are paid."

So, the local broker who nails the collateral closer to what it can be will usually have a higher price, that is from private note holders who don't command the attention at the institutional level.

Are you saying that your monthly payment to the seller was $400 in excess of his/her payment to the mortgage holder (essentially what the seller is pocketing every month)?