they don't care how many mortgages you have only that the property offered up has sufficient equity.

Many will require at least some of your money in the deal, perhaps 10%, but there are certainly a good number who will do 100% of purchase and rehab if the ARV is sufficient and you have at least SOME track record.

According to the Texas Water Development Board, our current water supply in Texas is not sufficient for the additional 21 million residents that are being projected.

I had to buy out his interest ... let's just say it was sufficient enough a 6-unit MFH deal under negotiation had to be abandoned.Take Jon's advice and get out now ... it will only be more expensive and disruptive the longer you wait.

A word to the wise is sufficient.

All the profit went back into his IRA to grow tax-free” Considering these testimonials and UBIT consideration, is anyone aware of the IRS giving any informal/formal guidance that the inability to execute a contract for lack of sufficient funds in a retirement account could be used to make the case for dealer “intent?”

Quality over quantity definitely applies here.

If you run the income through an LLC, the LLC could actually W-2 a portion of your salary which would be sufficient documentation but we don't know if the income would be sufficient.

I'm right with you about these things not being taught sufficiently well in school.

If he has sufficient funds you can have your money refunded and pay from his account.