Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

According to the agent involved in the deal, they think I can get these numbers...

Also, research other areas where you can invest as a private money lender (fix and flip is just one option)... 

For example, I will send a tenant the lease renewal options and give them one week to respond.

There's zero reason to do this when there are plenty of options to avoid it. 

Financing options do exist: hard money loans, renovation loans, and some traditional mortgages can be used on distressed properties if criteria are met.

For their three-year, 12% option they give an example of a $1M investment with the following preferred returns:- Without compounding: $360,328.77- With compounding: $431,237.45Taking 12% disbursements over 3 years on $1M would be $120,000 per year, or $360,000 over 3 years.

A Solo 401(k) may be advantageous for self-employed individuals, offering the potential for participant loans, higher contributions, and no custodian fees, as well as higher contribution limits and the option for tax-deferred or Roth contributions.This post does not create a CPA-Client relationship.

My two partners are willing to pay their share, but they’ve also offered me the option to take over the property completely since the loan is in my name.Here’s my dilemma: If I keep the property and rent it out, I could get around $2,300 in rent, but my mortgage is $3,300 at a 7% interest rate.

I have been told to stay away from lease options in Texas.