Secured credit, paying in advance and drafting off deposits is not an extension of credit.

. *** Utilize 80% of the ARV in your calculations.2.Establish Days on Market through market research.3.From that – subtract repair costs4.From that – subtract finance charges5.From that – subtract holding costs6.From that – subtract RE commissionsWhat is left with is what I can pay.

In other words, you really have to know who you are dealing with and do extensive due diligence on the operator, because a great deal with a bad sponsor is doomed from the start.

We thought $200,000 per lot would be the max we could justify (still would need to pay all school fees, utility extensions, park fee of $10,000, permits, etc., PLUS all the other building and development costs) Some foreign investors made an offer for $585,000 for both lots, telling the seller they can close in 10 days and construct the house in 90 (right.... but I digress).

To structure it any other way would seem to miss the point entirely.Kama Ward- If I hear what you're saying correctly, it is that the biggest problem with raising funds in this manner is the accountability and transparency with which you must utilize any funds raised.

Keep the buy and holds outside of plans and utilize the tax benefits of BOTH vehicles.

Leaving the account still open and continuing to make new contributions.Also when acquiring real estate with "qualified funds" (your retirement accounts) and utilizing Acquisition Debt (a mortgage) there is some tax to be paid on the income, even in a Roth account.

I don't think the house has been flooded for more than a week and the auction is happening at the end of the week.I'm not afraid of complete tearouts, but I'm wondering if I'm going to run into problems with a sinking slab or under-slab utility problems.

However, I do have extensive knowledge in apartment management, leasing, make-ready and dealing with tenant issues.

First - Bill Gulley's post back oneIt is true that much of what we do could be translated to the site built industry, but there are some very important differences which means it doesn't work very well for either side to utilize us for site built, or someone else for MH.Plus, RCG is not interested in the site built industry.