For a long time now I have dabbled in the idea of creating a real estate portfolio.

If you are looking for comparison between market rates, it's a good idea to get a quote from another lender so you can see what makes more sense.

I have heard on several separate occasions about the idea of “borrowing against an IRA” to build funds for investing, but am unable to find any more information about this when I search for it.

Based on suggestions in the forum we googled local community banks in south florida and both that we spoke to seemed very open to the idea of buying in a personal name and then quit claiming the property into an LLC.  

Definitely want to make sure you are properly covered

Specifically, I'm looking for neighborhoods with a good amount of distressed 3+ bedroom townhomes for sale for $120k or less that require a moderate amount of renovation (no gut jobs or major structural issues) and that will get me a rent-to-price ratio of 1% or higher on the final ARV.Thanks in advance for any thoughts/ideas/suggestions!

Yes, I don't think it's a great idea to sell Owner Finance.

Jerryll, I think this is a great idea.

The house's electrical system seems to be functioning properly, but given its age, we're wondering whether it would be beneficial to replace it entirely( I.e update the whole electrical system) My question is this: Would installing a new electrical system increase the value of the house and make it more appealing to potential buyers?

I’m here seeking out someone to just take me under their wing and help a newbie learn the ropes or just provide some insight into how they would start investing if they were in my situation.Here is a brief idea of what my situation is:I own a home in Northport, Alabama which is about 20 minutes from downtown Tuscaloosa, Alabama - Home to the University of Alabama.