I'm only getting about 4% on CDs but for me, at my age and in a 100% commission job I prefer the security of not having so much debt.

It had been listed since August, and our second closing date was January 30th.After politely listening to the closing attorney tell me that this was common with these bank attorneys, and that he had a number of closings pending for the same reason, and then scold me for personally getting involved and not letting them do their job and didn’t I know the bank had an out if they couldn’t prove title and I had no choice other than to extend closing or go away without my earnest money, I got a little pi**ed.

Hi Jon,Hi Jon,Yep, you are right...using any type of financing (mortgage, seller carry back) inside the IRA generates that nasty UBIT.I have shown my clients how to use options and lease purchase arrangements to avoid this problem.The better choice is a self administrated solo 401k since UBIT does not apply to this type of plan.Dave

You would need to have a purchase contract with the seller like Wheatie said above, for your specific state get with other investors at a local REIA meeting to see what they use and put in their contracts or go to a RE lawyer.And again Wheatie's got it, once you have the property under contract find a reputable title company, preferably one that works with investors and they can guide you through the rest!

:lol: The big thing about Lease Options is the financial cash flow of the TBer (I prefer dinks - "double income no kids").

like everyone i prefer free software, if anyone has suggestions please let me know, i'm not opposed to purchasing either.if any of you have in house or something you bought and want to give to me i'll be happy to add link on my site under the proforma telling people it came from your company so will give you leads perhaps.

Who gets the dogs and kids will most likely be decided for you, any cats will make their own choice, as they always do.

I prefer to use the money on the replacement house.

So pretty much I am trying to buy the property, would prefer not to have to put more than 10k down total including closing costs.

Properties are taking up to 5 months here to sell, so I'd prefer to know there has been interest and even offers on mine, before seriously considering the replacement.