Can anyone confirm/deny what she just told me?

However, the IRS can follow a paper trail and see what they intended to do – and that would involve engaging in a transaction with a prohibited party.

Anyone ever get involved with any capital advisory service from a fundraising standpoint?

Next you either wholesale it which involves marketing, finding buyers, closing...all while trying to make a modest profit.Or you could rehab and resell it which involves properly setting your budget, knowing the market to determine exact repairs/finishes to make, lining up contractors, managing your budget, managing your contractors, managing your schedule to minimize your holding costs, finding an end buyer, with 100+ other tasks mixed in.Your comment about planning is dead on.

There will be some costs involved, but it gives you the best protection.

I want the owner to let me wrap it with another loan with, let say a 5 years balloon.How much Down should I offer to make it fair for the three parties involved?

There are extra costs involved in both, but in my opinion for a tenant who does not have cash or cheque on hand in full amount, having that option to put it on their credit card is useful.

I used to run the business personally but as I became more involved in real estate I brought in a partner who runs the entire operation now.

These guys play a much bigger game than i am playing now and i would like to get involved.

flipsbuy and holdnew constsfrsaptscommercial I'm involved in all of these, and currently have 5 spec homes under const in 2 different states.