Congratulation on your decision to "step out", after being in conventional real estate for so long, it is a big decision to want to be more productive, earn more, and build a portfolio of profitable properties as a real estate investor.It is difficult however for agents/brokers to change hats, to forget the old ways of doing the conventional real estate business and to get educated on the creative ways to control and roll real estate.I commend your decision to do so.One Broker to another, if you need some suggestions, just give me a call.Good luck.

Inventory is scarce in Downtown JC (down 29% from this time last year) which is causing major growth in Bergen Lafayette.

If your able to get conventional financing (by that I mean 'Bank' financing, not private or HML) then my opinion is to sell the condo and buy at least a duplex so you have housing that's partially being paid for via rent collected from the other side.

The real estate is effectively inventory in a sales business, just like refrigerators or stereos.Passive sources of income such as interest (i.e. hard money lending), rents from real property, dividends and royalties are not subject to UBIT.This concept is documented in IRS publication 598.The ROBS program is an entirely different structure as compared to a self directed IRA.  

There's no emotion involved.It's similar to Walmart sourcing for inventory.

I was hired to install a POS/Inventory system at a local building supply company, which took about a month to complete (their inventory was huge).

I'm also wondering if there is any issue with financing out of it at the end of the HML term with a conventional or even FHA loan.

I could help you out here is my email send me what your looking for and i can match you up with what i have in my inventory.

Looking for thoughts and suggestions how I might move forward with expanding my inventory of properties.

Also another red flag is if they currently have no inventory at the time of your conversation.