You lose 6 months time of cash availability (perhaps 4.5 months since it does take time to get the refinance) where you may have been able to buy 2 or 3 more properties in that same 6 month time frame using my method rather than buying with cash.With my method I pay no lending costs with my first purchase since I use loan documents already created by an attorney for another loan for which I participated. 

Looking at an ARV of ~300k or more.Albert shared with us some great insight with his architectural background here, great to have so many skilled members in the CAI group.If you're interested in participating with the CAI group, feel free to reach out to me for more information!

We are just starting to go down this road and expect more foreigners to participate in our deals so anyway we can make this easier is a good idea.Dave

@Naoemi Contreras-WoodsYou can learn more about prohibited transaction rules by visiting the following IRS link. https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-prohibited-transactionsAlso, consider opening a solo 401k and transferring the IRA into it.

Look forward to discussing the war stories and participating in the BP community.

Hey everyone, so happy to be here participating in the BiggerPockets forum.

Unless something has changed drastically in this country, you are NOT obligated to participate in section 8.

You have an advantage in Tampa, there are some good investor clubs you can participate in and learn a lot through them.

I look forward to participating in the BP community and hopefully meeting some of you in the real world as well.

One of those rules calls for the non-spouse beneficiary to start taking distributions from the 401k or beneficiary IRA by December 31st following the death of the 401k participant.