Here's a link where @Chris Martinposted about reserves as the lenders want to see them funded, and where I gave some links to projecting useful life of various systems to facilitate establishing reserves:http://www.biggerpockets.com/forums/432/topics/867...

To facilitate my ability to make said purchases, I transferred 401(k)'s from prior employers (administered by Fidelity) to a new custodian (IRA Services Trust Co) into a rollover IRA.  

Should we have an LLC in order to facilitate the initial transaction of getting the property under contract?

Hey just joined up on BP,I am talking with some people about buying an apartment in Cuba, I know that there are some legit websites out there that help facilitate the deal for foreign investors, like http://www.point2cuba.com/?

I train in wholesaling but also lease options and subject to and wraparound mortgages Virginia is pretty strict and having a real estate license really does help youI would start a marketing campaign toward houses with good school districts in medium priced housesI like expired listings because they want to sell I would knock on their door and give a free report and then follow upMost expired listings are overpriced because They don't have a lot of equityInstead of an assignment I use an option release because in many states assignments are frowned uponSo here are the steps-Contact the expired listing seller-Show the cost is sell by listing with an agent-Compare that with lease to own in getting your sales price without a sales commission down the roadYou can either act as a principal in the transaction by creating a lease and option with your LLC or sign a listing agreement and charge a fee to facilitate the lease to ownIf you're acting as a principal, you take your option and place a memorandum of option against the property at county recordsOnce you have the house under contract you market for tenant buyers in that area that have 3 to 5% downEither the tenant buyer or the seller or both will pay your option release feeP.m. me if I can help youBest wishesBrian

Years ago there was hubbub about dual agency, that's when our snappy FL lawyers came up with facilitating a transaction.

But I don't have the time to facilitate that purchase at the moment, so I would just have the cash sitting around in an account bearing 1% interest for six months until I'm ready to buy my next door.Other ideas?  

But if you are interested I can help you guys facilitate it....

The other thing is, and I don't want to speak for all GC's here but, I am not a designer, I am a builder, I facilitate getting things done, that is my role.

For IRAs, it is typically the LLC facilitator that charges the larger upfront fee.