You want the interest rate to be equal to at least the applicable federal rate which is currently 2.5% or so.It could be different for an installment sale, but that is my understanding of what should be the minimum tax charged to avoid IRS tax implications.

I would avoid Craig's List as well.Place an economical ad in the local Thrifty Nickel or other free weekly publication.

When flipping houses how do you avoid the objections that pop up regarding the low acquisition price and a much higher selling price?

I'd happily lower the sales price to avoid any predatory lending.

Working with wholesalers always has different aspects to it.

Rashad Shaheed, I would honestly avoid those types of services like the plague.

Being unlicensed avoids those restrictions, but requires you to jump through some hoops to avoid being an unlicensed broker.Most folks, like this investor and aunt, who work in the licensed world don't see the need for the unlicensed side of this business.If you're serious about really investing (i.e., buying income producing properties) or developing or fix and flipping (both of which I consider to be more jobs than investments), then it seems like you have good resources in this guy and your aunt.

You've come to the right place to get educated on every aspect of real estate investing.

The only way to avoid is custodian transfer in that case the check is not made in my name.I went through this link http://retireplan.about.com/od/taxes/a/mndtry_whldg.htm and it mentioned about the same.Another option i am planning to do is withdraw and deposit within 60 days to the same plan administrator.

I'm a rehabber in SECT.You've found a great forum to research all different aspects of r.e. investing.