I moved from L.A. via Miami to Waco a year and a half ago and was amazed at the real estate market I found here.

@Randall Ayers By coincidence I was at a market update meeting this afternoon and a presenter was a hard money lender in Arizona and...wait for it...Colorado.

These are professionals with additional training and a stricter code of ethics.

Starting in the greater Richmond area is a fantastic choice, as it's known for its mix of historic charm, affordability, and a growing market. 

.: Another question for you pros: we currently manage a small portfolio of CFDs on land parcels and a couple of private loans.

Quote from @Brian Felczak: Everything you need to know is available in books, blogs, the forums, and a little time studying.

If your goal is personal-use real estate, cashing out the 403(b) is an option, but it will incur income tax and a 10% penalty, significantly reducing your available funds.

Originally posted by @Ray Hernandez:@Chris Mason Good article and a very good position to be in.

You'll want to keep track of these because they can Increase or decrease your at-risk amount and as a result the losses you can take as a partnerYou or your CPA will need to report these on your IRS Schedule K-1s for each of the partners in LLC. ...

You're in a tough spot right now, dealing with a divorce, unemployment, and a house that's not selling.