Let me get y'all's opinion.Asking Price: $265kOur Offer (repairs needed): $230kTheir counter: $265kOur Next Offer: $245kThey declinedOur Final offer (matched a previous buyer who backed out): $257.5kSuper stubborn folks who don't want to contribute to or fix any needed repairs.

And the general rule, assuming you already maximize your retirement contributions, is that you're stuck with taxes on your W2 income.

Now, perhaps I misunderstood and he meant you could put it back in the way of a contribution which has that annual maximum, but he works for Edward Jones and hasn't steered me wrong thus far.

Please let us know and I think we can contribute more meaningfully to help you out!

Assuming the JV is 50/50, does the working partner’s 50% not come from managing the property, finding the deal etc. with no money contributed to the acquisition/ improvement of the deal?

When your partners contribute $500K for improvements, there will need to be an adjustment made to the capital accounts.

It all depends but I would find a way where you are fairly compensated for your contribution while still being able to help your father.

Otherwise, the "investment" conventional loan is pretty much your only other option for a conforming loan.Hard money loans generally require you to have as much as 30% "contribution/down" if you have little experience, and are only for short terms, i.e. 6 to 12 months. 

Type “Fayetteville” into BP search and read all about it. i appreciate you using your energy negatively rather than ignoring or contributing. my post was asking for first time experiences not just in fayetteville, and asking if anyone would like to connect. if you have an issue with me wanting fresh replies rather than searching years of responses then you couldve kept it moving bud. have a nice day and happy thanksgiving. 

There is great access to the outdoors, new breweries, restaurants and cafes opening up, all things that make a city more desirable.