As an agent, if there is no mortgage contingency in the contract, I would be asking the buyer to provide proof of funds.

One thing's for sure: GC definitely wants people to sign up for his new Cardone Capital fund :)

Capital gains are based off of your "basis" in the property, regardless of funding, refi's etc.

Is there a way -- as in this case, where I can get a mortgage for the 80% in my own name and the non recourse part for the SDIRA is that I am personally on the hook for the funds and not the IRA hence non-recourseThanks, b

After listening to mayn podcasts and webinars about partnerships, we've heard the description that one partner brings the money for the down payment, and the other can secure the loan and manage the property for a 50/50 split.For this example my partner has slightly more funds than I do going into the deal.

Neighbors are nice, nothing gets stolen or broken, you sell your spec pre construction, you own the land, you can fund your own construction, get a C.O. in 90 days or less and close with your buyer the same day, no warranty calls ever! 

That's "free" income as no $ out of pocket after the loan funds. 

@Brian M Sweeney the $20k is my emergency fund specifically for situations like this.

And has the same long term goals as me (both young 20s and want to replace our current work income with passive to travel).I'm looking for advice on the risks of investing it in real estate (currently in stocks and bonds).

Anyone else have the thought that good cash flowing rental properties will outperform index funds over many years hands down?