It must be a non-recourse loan, made to the IRA with no personal guarantees from you or close family members.

The hardest parts are to price the property correctly, finding a buyer and negotiating the close.

Looking to get an understanding of the closing costs involved with a seller financed commercial property in North Carolina. 

Hi Margarita-Great question.There are many mental blocks and friction points to buying your first property.First off, just buying property outside of a first or second home to use is not done by most people and buying your first home is a major purchase for most people.That means the people in our immediate sphere of influence are not thinking about buying investment property, they see it as risky and out of a sense of protecting you or themselves encourage you not to do it.I remember having the same mental blocks and fears you probably do thinking about buying your first property or first investment property.The most critical thing to overcoming these mental blocks is self education and surrounding yourself with the best team of people to help you.An investor friendly Realtor who can refer you to an investor friendly lender, title company or closing office, property inspector, property manager, and insurance agent.Real estate is relational and having the best team will keep you out of the weeds.To Your Success!

My name is Christian Padilla.I'm wholesaling in North Carolina as well as helping others close deals in other states like Detroit and Florida.

You can start with a turnkey that can use a light rehab to help you build a team and establish a foundation to then get into bigger projects.

Hello, I am wondering if any real estate attorneys can please shed light on whether my current job status would qualify me as a "real estate professional".Specifically, my full-time job in which I work more than 750 hours a year is as a mechanical engineer for a engineering consulting company.

We just closed on a $550,000 home and plan on renting the duplex out.

My wife and I are getting close to entering the real estate market as investors, we live in Canada but are planning on entering into the US market.

Even the type of wood floor, tile, different colors of paint, bath fixtures, lighting etcAlways give specs and be very specific as you mention, otherwise it can cost you later on down the road