I suggest you first get with your bank and establish a good banking relationship, get qualified for loans and know what your loan requirements will be before hunting for properties.

I have borrowers that put 50% down and pay all their rehab costs, it helps them control costs...they love it and I love it.You definitely need a lenders title policy, and, imo, an appraisal.There really is a lot to this.

I'm looking forward to establishing relationships and learning much.

I realize I can only contribute based on the taxable income of the LLC, but can I use the LLC as a business to establish the solo k from?

I have a lot to do, will post pictures soon. thanks everyone

Man, I still have a lot to learn :-)

Investing In High Dollar MarketsAs builders in an established, high demand area, we are finding that people get excited about an opportunity to purchase new construction.

While these are valid choices, the problem with these types of loans is that they require an excellent personal credit score usually within 760 and above, as well as an established business with good cash flow every month.

Jay it takes a lot to moderate what is already here.The last thing I think Josh wants ( I can't speak for him ) is to encourage debates on controversial topics that quickly get out of control.There is already an off topic section but I do not know if everyone can post there.A lot of trolls, link droppers, etc. constantly barrage the site.

They are easier to establish and maintain.