If you guys continue down that path, get everything in writing before you start, so that there isn't any "I thought we were going to do it this way..." issues that come up later.

I am new to BP and am starting my own real estate development business while I continue my full time architecture job (corporate, mostly retail; not residential).  

As long as it is in the ira, it will continue in its tax deferred status...you will not pay tax until you start making withdrawals (typically in retirement).In my opinion, purchasing SFR with an ira is not efficient, as in rental property.

Lets continue to have more and more meetups in here in Windsor ON.Thanks to BP Team for providing a platform to Learn. 

I currently own a few rentals in different states, but since getting my real estate license i have started looking at family and friends for prospecting new deals as a new agent.I have a family member who has been renting houses for as long as i can remember between her and her boyfriend, but they both have some bad credit due to falling behind a few years back after both losing their jobs and juggling life for a while tell they found new jobs.I am a bit unsure about this idea still due to the fact that i have been running numbers on multi-family homes to purchase in the near future and turn into rentals, but i want to help them if it's a viable idea...I wanted to get your opinion on maybe purchasing a house based on their needs and running a lease option on the house for them to purchase down the road when they have the credit again....Right now they are renting a 3/1/1 for $1200/month and there is a lot of 3bed houses around them that are in the 100k and below that would meet the needs of them, im just worried about buying the house for them tieing up my own money and not have enough financing available to continue purchasing investment properties as my rental income from all my current rentals is my only income coming in right now as i start the career of an agent.

Also, we believe this matter has been cleared up, but if you are continuing to experience problems, please contact [email protected] and I will be happy to explain. 

I will definitely use it and continue to educate myself!

Just playing devils advocate here.

Great thread and love to see this continued to be updated.

The Mueller redevelopment has been a strong driver for property values in the area, and looks to continue that momentum with restaurants, Mueller's first bar, and the Alamo Drafthouse all being added either recently or in the near future.