i think it's even better to take it one step further and purchse an LLC with IRA. if done right you don't have as many restrictions and have more control.i'm actually in the process of doing this right now. plus, i am getting a huge LOC for the LLC thru the company who is setting this all up for me.it will be just for RE.the company is called Wolfe Capital Group. very interesting.jimbo

I think I am ready to move to the next step.

Since you stated that you just recently started learning about RE investing in January, I would like to know how you negotiated this deal and the steps you took in getting to the point of possibly putting a property under contract?

Joshua,I tested the rental property analysis software, but it kicked me out at the last step.

With how detailed your plan to this business, I am little surprised by the question in your step 3 of if you really need to get a team of people.

Approximately 2 months later he contacted me stating that he wanted his money back or he wanted to sell the house to a cash buyer.When I wrote the lease option I wrote it in 2 steps, a lease and an option.

Questions for those more experienced.In the beginning stages of locating and securing property for investment purposes, confusion may arise as to what steps should be taken and in what order.My thoughts are that you should make every attempt to get pre-qualified by a lender, prior to even locating a property for investment.

Well calling the loan due (accelerating the note) is the step right before you foreclose.

Just curious on some of the steps I should take on buying shares in commercial real estate. thanks.

Also - here's a couple articles you might enjoy:The 21 Best Real Estate Investing Books Ever How to Rent Your House: The Definitive Step by Step GuideSee you around the site!