I also found some online resources claiming to do it for $3500 and they set you up with a consultant, help with the marketing of your fund, and have a list of brokers who can help sell it as well.It might seem like overkill if you're just going to borrow money from you family/friends but if you want discretionary power and the ability to draw the funds quickly without getting a bunch of signatures from the investors, this is the way to go and still be covered.

I used to say I would only work a few years after I started flipping, but being able to put all of my profits into the business has really helped accelerate our growth.

If I was "hired" to do something then I would put a value on my time, but when I work on my business I don't do that as my goal is to grow the business into something great.

Page Huyette and everyone else,I highly recommend considering going a different route than the SDIRA and utilizing the Solo 401k's ability to invest into your own C-corporation.

When you graduate in a few years you will have the ability to get a good job and save money to get a great jump on real estate investing.

Capital Growth - "Make BIG Chunk Fast"2.

Of the 30% who have the ability to be successful long-term, my guess is that 70% of those could be successful with or without the mentorship/coaching/teaching.

I don't yet have the ability to flip (poor at estimating renovation costs, not particularly good at design), but I can keep looking until I find a suitable bargain that I can rent out.

Any advice will go a long way in helping my growth.

The reason a Purchase Money Note, as a debt instrument is preferable is because of the possibility of a seller-come-creditor having some ability to have recourse on the borrower, where it it is argued that obligation is a promise to pay by the purchaser.