Put this in the folder too.Dodd Frank and the per state Safe Act have different number of exempt transactions per year.

That's why I need a contingency that the bank does not want to give me.My preliminary numbers are: ARV - $160K, offer $90K, rehab+transaction costs - $40K, rents $1400/mo.

Yea I don't understand how one could possibly ad any value to the transaction if they are not here on the ground.

As we are still working with a lower price point, we aren't yet picky about what parts of town we look in.

The LLC that you own is a disqualified party, so it would be a prohibited transaction between the Solo 401k and that LLC. 

Fidelity title in Oaklawn closes all my transactions PM me and Ill give you a lawyer as well. 

So if taxes were $2500 with 20% interest, I may bid $2500 at 20% and you may bid $2500 at 15% and if no one bids lower than you, you would win the lien. 

I thought I would post this and see if I could find a partner or two to start my career in real estate investing.Basically, I want to be the money partner for the first few transactions to an experienced investor so that I can learn as much as I can about the business.

They'll buy a house from some of these wholesalers or wholesale companies that inflate ARV and lower repairs so these inexperienced flippers end up losing money or barely breaking even (which in my opinion is losing) San Antonio has a few pockets that make sense to flip in but people know this and they're selling these houses at a price that doesn't make sense to flip.

I have decided to pass on this one because of lower rent (my PM confirmed it's between $950-$1150), loan issue and capX expenses.