In my opinion, a mentor/mentee relationship needs to be mutually beneficial.

His home is worth 5 million, he said his building is 13 million, that's not considering his person mutual fund wealth, nor the value of his brand.

But, paying someone 5% just to pick overpriced mutual funds out doesn't seem like the best deal out there.

Allowing him to have a "mutually comfortable" lease-back is a good idea.

(Pool and Tennis just don't pay like they used to anymore)My friends and co-workers play the stock market, but I just couldn't get into buying stocks and mutual funds the same way I took an interest in REI and owning something tangible.I'm most interested in Buying/Improving/Renting SFH and Multifamilies in the Central NC area.

They may or may not have any beneficial interest, however having any does not make them an owner.

To circumvent the "due on sale" clause, you can create a Land Trust, deed the property to the trust, then assign the beneficial interest over to your LLC.

The current buyer is getting on my nerves and messing around with us.My question is, do I need a mutual agreement contract signed by both parties to terminate the contract?

We have recently decided that it is something we can do if we just put our minds to it.I have plenty of experience investing in stocks and mutual funds but the only experience I have with real estate is renting the house I live in now.

Some think that buying real estate inside of an IRA is not as beneficial as say investing into a real estate note (especially if you use leverage inside of your IRA and portion of the income will be subject to UDFI tax).However, I would not just make a blank statement like that across the board.