The house has been neglected for years and was in a dire state.

I've even seen a little less than 3% of purchase price cited, but it didn't say if that was buyers costs or sellers costs or if that included the loan costs.I'm a wholesaler and plan on assigning my contracts in most cases, but for those circumstances where I need to double close, I'd like a rough estimate of what the closing costs might be so I can adjust my offer accordingly.I'm really looking for this kind of breakdown (if anyone is able to provide any piece of this it would be highly appreciated!)

-Steven HamiltonYour guide to IRS laws, rules and regulationsSteve , is it possible under these circumstances to use you SD IRA ( or loan from the IRA) for down payment of a property and then seek conventional lending for the remaining cost of the property?

They basically become neglected apartment communities (which is another opportunity itself).My condo/townhouse rentals turn over much less than my single and multi-family units.

I'd like to avoid conjecture in this thread and hear from anyone who's worked with an institutional lender under these circumstances.

The equity can be invested far more profitably elsewhere and equity used for prepayment is now at risk if circumstances in your life force you into foreclosure.

Joel, not sure of your circumstances or options relative to the college but around here I've seen people take rental properties close to colleges and hook up with local, well-organized (relatively), well-run fraternities.

For example, the valuation in a single participant plan, a self-directed account, or frozen plan can be less formal in a year in which the plan or self-directed account receives no contribution and makes no distribution or change in investment. (2) The reasonableness of the method for valuing plan assets is based on the surrounding facts and circumstances.

If any attorney familiar in the financial services arena admits ignorance it's due to the application of requirements in a particular circumstance I would think.I agree that the law could be better defined but vague language is often what is desired by an industry.

But given my my circumstances are different getting an OO loan is not worth the inconvenience for me personally.