I'm new to this forum, but Michael I've never heard the advantages and disadvantages or paying in cash or leveraging argument the way you explained it.

I am concerned that is my state, having a real estate license might be a disadvantage when investing.

I was told within 24 hours they had 4 all cash offers 10% OVER asking, I normally do cash offers with an inspection contingency and my agent told me I am at a disadvantage because all the other cash offers have no inspection clauses now.

Whenever we then need to make more updates, we take the current file in dropbox (which probably has been updated by the other person) and copy it over our local desktop copy.There is the disadvantage of needing to communicate by text/phone/email to be sure you are not both updating at the same time, resulting in two different new copies, and subsequently one overwriting the other.This would probably be much more difficult to manage between more than 2 people, and there is always the danger of overwriting previous work if you are not careful.

What are some of the available methods and their advantages and disadvantages" or "I have 200k.

Other items of value would be placed in the trust right away: property that has financing squared away, brokerage accounts, savings accounts, and possibly vehicles.401ks and IRAs would not as they have their own procedures for naming beneficiaries.Another option would be to utilize TODDs (Transfer on Death Deeds) for all properties:“A TODD is comparable to the use of pay-on-death or transfer-on-death accounts at banks or with brokerage houses in that a TODD allows the owner of real property to designate a beneficiary of the property, and, upon the death of the owner, the property passes to the beneficiary as non-probate property, without the disadvantages of using a joint tenancy or life estate deed.”So…I guess I have two questions:1) Is naming a property in a pour-over will then placing it in a living trust once financing is squared away the “right way” to do it?

Nate,There are advantages and disadvantages to each option.

It is currently listed below 50% ARV in a great neighborhood and I happen to have enough money to pay cash.The HUD broker told me that if my offer was in cash I would be at a disadvantage because a buyer making an identical offer to mine would via an FHA loan be more attractive to HUD because of all of the added interest they would collect.I really would like to get the property so I guess my best option is to purchase with an FHA loan and then just pay it off a month later?

There are advantages and disadvantages to both, and it really depends on your situation and objectives.

But, I am sure classroom study has it's advantages.I am thinking an online course is better for my schedule, but has disadvantages as well.Please tell me which you did, on or off line and what you recommend.