They will pay up.But you have to show you will stand your ground and have control of the situation.

Thank you all for the replies.So for the most part, I shouldn't worry too much about borrowers filing bankruptcy after I purchase a NPN correct.

If I plan to use funds in my Solo 401K to invest in a turnkey rental property (meaning a property that is rehabbed by a 3rd party, purchased by my 401K, and managed by a 3rd party) is that considered a "passive" investment thereby not incurring UBIT?

I'm pretty new to landlording and have never held a position as property manager.Joint ventures can be beneficial to both parties if the numbers look right and your cross your legal t's and dot your legal i's.

good thing is your monthly check from the gov't is always on time, the bad part is when I had a section8 tenants they gov't came by with a check list on the whole house.. making sure all the windows and doors where up to code, all the plumbing was functioning, all the outlets and electrical was up to code.

Where I am at that would be considered " designated agency " where the brokerage designates one agent for the buyer and one agent for the seller to negotiate and represent them on their behalfs.If either party is not comfortable with the designated agency then they can choose to use another company if desired.Dual agency is entirely different.

You can use the money when you need it and when you don't, it can wait on stand by for free.

If she is not active and not in the LLC they cannot attach tenant by the entireties property as both parties have total ownership, both parties have to owe the debt to attach property held in that fashion.

Without a doubt the hardest part is over, but we need a little assistance to get through.

I like the buy and hold stand point because it is like buying a cow to milk and continue and sell the milk for a long time.