Here's the way I look at it: --The initial as-is contract is the generic one used by state realtors & is always the same, so no need for lawyer to look at it.

I found this forum about a week ago, and I've been reading through it every since.To give some quick background, I expect to have a small amount of cash ($50-60k after taxes) sometime this July, and plan on purchasing as many multiplexes as I can with leverage to create some supplemental income from rents.

I'm in the same boat as you, looking ways to supplement my income and get out of the race race.

and then I'll get just a generic list of homes that sold(mostly at retail price to retail buyers).

Assuming no other options existed, once BK is discharged, begin drawing from 401-K, or from regular IRA created by a roll-over from 401-K, as needed to supplement SS income (assuming she has already quit her job).As alluded above, my bullet item 4 above may annoy some of my fellow investors and agents, but in the absence of more income, or willingness and ability from the kids involved, or other viable options, it is what it is.Best of luck to you and your Mom.

the problem is that my ads get deleted like an hour after posting.i post in the real estate wanted section saying i will buy your house cash as is yadda yadda yadda. i put a generic picture up money, home, bill, etc. leave my phone n name. i also block my email. are any of these things the reason i get deleted?

So imagine I have a generic property in a vacuum that I could finance in one of three ways (approximately):30 yr loan => +$1000 cash flow per year20 yr loan => Basically break even on cash flow15 yr loan => negative $2000 cash flow per year(all would be 20% down)So I'm not a big time real estate investor that's always doing deals....I'm looking to own a small handful (1 to ~3) of properties to build long term wealth and generate some income to fund a potential early retirement in early 50's (maybe) and bridge the gap until I can tap into my 401k and IRA at 59.5 yrs old.

My question: can private money or hard money be used to supplement the capital I have to deploy for the down payment?  

I'm looking for both retirement building and daily income supplement.

With more capital at your disposal you are on a path to buy long term cash flowing assets, like rental properties or notes that will supplement your returement income, invest in hard money loans to fund others.