I work with a credit union that does HELOCs nationally.

No one pulled a payoff to confirm the balance or looked at the latest statements before closing? 

Some have no hobbies or family and enjoy the work, so interruptions don't matter to them.

Consider balancing liability protection with administrative costs, and consult with a CPA to align your structure with your financial and legal goals.This post does not create a CPA-Client relationship.

But IRS allows an IRA to be invested in anything except life insurance and collectibles.

I’ve developed a Comprehensive Investor Report (CIR) for a property in Palm Coast, FL, designed to be transformed into a luxury rental asset while serving as the foundation for a scalable asset management strategy.Here’s a quick snapshot of the deal:Property: Red Birch Lane, Palm Coast, FLCurrent Value: $350,000+Mortgage Balance: $165,000Current Equity: $185,000Investment Required: $177,500 (for luxury upgrades and optimization)Projected Monthly Rent: $4,500 with 2% annual increasesTarget ROI: Full 1.5x ROI for investors achieved in 9 yearsLuxury Features: Smart home automation, designer finishes, professional-grade kitchen appliances, and more.I’ve also structured a capital distribution plan with a waterfall approach:8% Preferred Return for investors.Full Return of Capital to investors before profit splits.Post-ROI, a 20/80 split (Investor/Management) ensures long-term alignment.

It’s awesome to see your excitement @Joe —this journey can truly be life-changing.As someone who started out while serving in the military, here’s some advice I wish I had early on: take action, even if it’s small.

This had nothing to do with economic or underwriting issues but was driven by covid and many workers beginning to work from home. 

I'm trying to Figure out how to make this potential deal work.Seller wants to sell but not right away because they still use the house for some income.  The Mortgage is paid off. How can I strike a deal where they can...

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.