I may ask the title company if they will at least close while not insuring that particular item.

We were able to itemize instead of taking the standard deductions on our individual tax returns while it was our primary residence, by deducting mortgage interest, taxes and qualified improvements, but then learned the power of the P&L and taking business deductions against the passive income to offset our tax liability.

After the inspection, the inspector found several items that needed immediate attention like drain pipe in crawl space was disconnected from house, new AC units were needed and a few more items that the seller actually agreed to repairing before closing.

2. does traditional financing work if all pre-arranged in advance of the auction date?

I am looking for clarification on things I've heard regarding the amount of properties one person can hold under loan from a traditional loaning agency at a time ( around 5?)

@Kevin Keith BeckI am a contractor as well and I agree it's not he contractors responsibility to pay for unforeseen items.

What makes a self-directed IRA custodian different is that they are not purely connected to the public exchanges and limited to investing in stocks, bonds and funds, but rather have the staff training and paperwork to document the IRA's investment in the more individualized transactions that occur when investing in real estate, notes and other non-traditional assets.

I am not sure I am interested in that because I can get a traditional loan at a cheaper rate.

In the meantime they can cross shop and buy items they need or want in the store.

Can anyone please share some insight as to some specific items to look out for in hard money loan agreements and insurance policies for a fix and flip?