(Stephen - Steve)  The bank with the mortgage is Ocwen, which have bought foreclosures from in the past and have heard they aren't the most up and up bank.  

This way, they get the cash they need without selling and without triggering any taxes since loans aren’t considered taxable income.

Can't change Detroit if we aren't being the change, right?

I’d love to connect with local real estate agents, lenders, and contractors who can help me navigate this journey.I’m continuing to educate myself on finding, analyzing, and financing deals, and I’m excited to hear any advice or recommendations the community has to offer.Thank you for reading, and I look forward to connecting with many of you!

I’m starting by using the resources available in this forum and educating myself on finding, analyzing, and financing deals. 

Small shop brokers that have access to multiple programs so that they aren't beholden to one or just a few loan programs will typically get the most competitive product for the borrower. 

He was at the heart (and brain) of a fantastic educational operation – one that was undervalued because he did not charge much for it.

I will say that I do know people who have worked with Lee in the past and like his educational programs.

You aren't guaranteed ANYTHING!

When the IRA invests in real estate using debt not only does it have to be non-recourse but the IRS says, you can use leverage but since you aren't only using IRA money for this investment the retirement account is going to pay UBIT on the income generated because of the debt.