It's very common to find people on BP listing their flips and later wondering why they aren't receiving offers.

That being said, I would ask the seller what interest rate they would like to receive in a short term note and let them answer.

Once they make it through all that you set them up with Zelle through their bank and I receive all my rents that way.

He is not receiving any compensation, except for profits over $25k, correct? 

I'm not really an investor, but do own one single-family house in a great inner east-side neighborhood that was my primary residence - I now rent it out and receive some positive cash flow.  

Well, you can always sell a partial on any of the notes in your portfolio using and assignment of receivables contract.

., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)

I've given him an offer but we wants a kick out clause in the event he receives a better offer during the option period.

Feel free to text me at my number below and we can schedule time to talk.

how do I setup and llc to receive private loans to flip properties?