But the quality of your team becomes critical when dealing with the time lines and restrictions of the 1031 process.But you've got a leg up in your understanding from the get go - not many folks grasp from the beginning that their tax burden is as much the depreciation recapture as it is the pure profit - kudos!!

They just couldn't grasp the idea that school wasn't necessary.

You need a better grasp on what the place will actually be worth.With such small numbers, there is very little margin of error.

I don't think you guys have a firm grasp on what constitutes an economic bubble . 

If you are hoping to have a better grasp what the home may require prior to making an offer, ask your agent about any disclosures the seller has made. 

But, if you have a good grasp on the overall and specific local markets, have a source for discounted, distressed property, and have a good plan in place for the renovation and re-sale then you will see regular and repeatable success 

I'd rather not jump into non performing notes until I have a few performing ones under my belt so that I can get a reasonable grasp on the business before having to delve into workouts/foreclosures.

Once you have a grasp of that, you have a concrete goal to work towards, and that should shape how you invest.  

I wonder if some of you on here feel you have a good grasp on the logic, and if you do, do you think it's fair overall?

I keep reading about terms like self-directed IRA, solo 401k, checkbook IRA, etc, and I am trying to get a grasp on what they all mean.My question is, has anyone taken an old 401k, rolled it into something like what I mention in the last paragraph, and went on to invest in real estate using those funds?