Things you must not doYou must not;i) Commit an act of bankruptcy; or fail to pay me on time any money you have to pay me under this contract; orii) Pay any repayment/s with a check, direct debit or other instrument that is subsequently dishonored by a bank; oriii) Fail to comply with any condition of this loan contract; oriv) Make any material false or misleading representation.6.

If you have enough cash in a Roth to purchase a property outright (or even with leverage), hold & rent for several years, then sell, and then subsequently have access to all of that earned cash tax-free at distribution...it's hard to find a publicly traded investment that would generate the same type of return.  

@David Salfer, here is your homework question for today: why is it that specifically in Washington, Wholesalers should NEVER arrange to double-close their Contracts, but rather, should ALWAYS try to make sure that their Purchase Contracts are ASSIGNABLE, and subsequently, are duly assigned to their end-Buyer?

Reconciliation happens by April of the subsequent year typically.Josh

I'm looking for some insight on my plan of action to get into real estate investing, so please bear through the back story along with the subsequent newby questions.I'm a twenty something year old aspiring real estate investor looking to buy locally first--Ideally Long Beach, CA or any city near LA that doesn't have rent control.

Every HML I've ever known wants to be in first line position...where the mortgage is But Joe, the first Mortgage provider will ALWAYS have first-in-line payout position, won't they (regardless of what any subsequent HML wants)? 

I was wondering if anyone could recommend a reputable contractor for a fix up (house needs serious TLC), as well a property manager for the subsequent rentals.Thank you in advance,Luke Kwiatkowski

And then each subsequent transaction gets easier with the added knowledge and confidence. 

The concern I had was the fumes soaking into the porous wood and subsequently returning to the air for the occupants of the home to breathe.

He has a $30,000 lien on the property but he won't ever see that money unless or until the current owner sells the property.He has offered to purchase the property from the current owner for twice what they paid and because it was a "family-owned" property, the current owner has agreed to sell it to him, but him only at this price.My contact, the subcontractor isn't really in a position to buy the property and hold it but is interested in getting his $30,000 back so subsequently he has offered to sell me the property at a price we'll under market value to accomplish this.If he buys it and closes he'll have the usual fees, taxes, etc. and then he'll immediately sell it me and we'll have the same associated costs again.How would you structure this deal to avoid all of the duplicate fees, etc.