Bill Gulley Well, fire walls certainly never crossed my mind :-).

The penalty for crossing the line is way too large to make it worth trying to be that aggressive.Plus you'd probably have to pay Unrelated Business Income Tax (UBIT) on profits made in the IRA by the PM company.

J Scott you make a great point about who the end buyer is, that had not crossed my mind as I was only considering other rehabbers.

Nashua is a lot like Lowell, just 5 miles north and right over the border into NH and has generally the same breakdown in neighborhoods.

I talked with the neighbor (he's in the property owners group I joined) when I asked if he would let someone cross his property he said he didn't know.

Having worked with Australia investors for a few years now sometime I feel like I have a white shirt and red cross on my back sometimes lolThe prices that some foreign investors got spruiked into buying is just insane.I believe if you can assist your acquaintance friend by spending half a day doing some research on the wholesalers and other real estate professionals in the area that might be able to assist with the sale of this property.You can also put a few adds on Craigslist and see of you get any bites.Thanks and have a great day

Hello everyone at BP,My fiancee and I currently rent near the Allston/Brighton border and plan to live here long term since we can both walk to work, the grocery store, and entertainment.

I'd assume the wholesaler is using his own contract since, at least in our area, the standard contract that agents use is non-assignable (although I realize that section can be crossed out).

I have been busy reading the forums and crossing questions off my list as I find them answered....

My attorney says form an llc and make sure that every thing is in writing down to the dotting of the I and crossing of the T.