I would contend that giving someone warm fuzzies about staying where they are when for lots less money you can get kids shoes and coats for winter.

And also, what were some reasons that you decided against going for some of the contending deals and went for the HUD property that you're in the process of purchasing now?

Your loan terms are not going to be as strong when using ira money and you will have to contend with UBIT tax.

My bank contends a "c" should be at least 8%, but may not be right for our recent, new reality!

I am simply stating that there will be another serious contender coming very soon that will put people back in charge.

For the most part it has been good to us, but there have been many lessons learned and many unhappy and/or crazy homeowners to contend with.  

My wife has not paid for marketing in any major way in the last 15 years.. this is why I contend that wholesaling is a dead end... you simply can't create a relationship with your sellers like you can ( usually) as a broker.. your sellers are usually going through some drama and or simply not qualified to do anything else.. your basically one and done..

Then you not only get your money, but you'll have to contend with nightmare tenants, that will exploit the system and destroy your place.  

Real Estate Investors have been able to manipulate and massage that law to benefit them, but I still would contend that you are taking advantage of the system and why it was created.Sure, you will probably get away with it, but it doesn't mean it is morally and ethically appropriate.

This way you don't have to contend with the IRA prohibited transactions.