@Maria Jeanette Using a self-directed IRA (SDIRA) for real estate investment offers control over asset selection and tax advantages, such as tax-deferred growth (Traditional IRA) or tax-free growth (Roth IRA).

While you have no control over what happens to the party, you have control over what you buy.

It’s always an honor to contribute to such an incredible platform that empowers investors to build wealth and take control of their financial futures. 

Hourly rates can range from $150 to $500 per hour, depending on the lawyer’s experience and the complexity of the documents.In New Jersey/Delaware Valley, the rates can be on the higher end due to the higher cost of legal services in these areas, with some attorneys charging upwards of $300 to $500 per hour.In areas with a lower cost of living, such as rural locations or states with a lower overall legal rate, the costs can be lower.It’s best to shop around and get quotes from a few attorneys familiar with private lending and real estate transactions.

:)  We love defaulted note investing - you own nothing but are in control and can exit through the property or the borrower. if you do take a property back you can sell it outright, seller finance it, rent it or BRRR it.

Self-funding gives you full control, no debt, and better cash flow, but it ties up a lot of your cash.

 :)To anyone reading this: if you happen to think using other people's money means you don't need any of your own, raising outside money may help you recover your expenses, but you still have MAJOR out of pocket expenses, typically, due before you can raise any money:Earnest deposit: most people raise after you get control of a deal.  

There is no rent control on land leases.  

Don't let it control you and I am glad you asked.You really don't want to rely on appreciation to make up for the poor performance as a STR.This is too much of a risk IMHO.

Educate yourself on the differences between checkbook control and custodial control.