I know this is a change of subject, but this group seems to be experienced in marketing, so...

While I didn't need to spend the time and money to get the determination letter, I sleep better at night knowing that I don't have to worry about the IRS coming after me at some point in the future because my plan administrator might have screwed up (accidentally or purposefully).Here is the current recap from the IRS on ROBS transactions:http://www.irs.gov/Retirement-Plans/Employee-Plans...Here are a couple noteworthy (in my opinion) parts:Regarding the use of ROBS by business owners:  "Overall, the research we conducted and the responses we received to the compliance checks indicated that while some of the ROBS were successful, many of the companies in the sample had gone out of business within the first 3 years of operation, experiencing significant monetary loss, bankruptcy, personal and business liens, or had their corporate status dissolved by the Secretary of State (voluntarily or involuntarily).

Bill Gulley - having read other posts from Eric, Eric Michaels is already an experienced sheriff sale buyer, so he kind of knows the basics; he was trying to get specific details for Indiana, from somebody who might know Indiana.

Even though I know the returns you are talking about are possible (I experienced it for years) I still decided that ultimately it wasn't worth it.

These are areas that a lot of people are moving to and experiencing a lot of growth but they are no where near following the 2% rule.

@Rich and MichaelI have a high paying Engineer job which does buffer unforeseen expenses but I do not plan on relying on that to make a less than good deal good.

I don’t know if the supply of these has increased or decreased due to bank manipulation, but I do know that the number or rehabbers (wannabe’s and experienced) has skyrocketed.Every local REI club I attend is packed with those either looking for deals or selling questionable properties at inflated values.

Merry Christmas 2006Posted by David Krulac on December 25, 2006 at 19:11:42:I've heard Nick several times and he is personable, entertaining, and an experienced investor.I have been doing special needs for over 12 years.

Starting out in a NP environment for less experienced investors, going it alone, may take a long time to put consistant dollars in your pocket.

It is extremely dated; however it is not tore up like we are accustomed to seeing in projects.I am not experienced in comping land.