I am the founder and manager of Aria Commercial Capital LLC.

ROTH IRA's that are self-directed are now the hot topic as it is a way to avoid capital gains on real estate.

As I have said in this and other forum topics, I am a noobie, however I have decided on wholesaling properties as I start out and make some capital.

The "50% rule" lumps vacancy, all actual operating expenses (debt service is not an operating expense), and all capital expenses (like a new roof) under the one "50% of rent" umbrella.

If I were to do something like this, what should I be aware of and what pitfalls should I look for.What he's looking for:Investments in the 30K-40K range (you're welcome to invest more if you like)12-18 month term What he's offering:13%-14% returnPaid out monthly Here are the highlights: -Business is a boutique lender looking to expand capital-Provides short term loans to builders, both commercial and residential-Long track record of success -12-18 month term-Offering 13-14% annual return, paid monthly-Your money would be held in a real estate attorney's trust

Capital for the first flip is not a problem, but if I screw up the first attempt, I will be put out of business, if you know what I mean.If I screw up the first attempt, I will not get a chance at a second attempt, so it's important I pick the right Unit to Flip, and succeed.Is a total interior rehab unit, a bad place to start ?

Now go back and look at the expenses line by line, and add back in the Capital Improvements, normally these will be deductible over 15 years in a MHP.

Since I've been to the seminar, I've now seen foreclosures on websites tauting prices of a few thousand dollars, heard about short sales and REO's and I don't know what I need to learn or know before being able to capitalize on those deals or if I'm even comprehending what I'm seeing properly.I talked to a guy local to me that offered to help me get started in investing but it became apparent to me that he was well seasoned in property rentals but really didn't know much about the other ways of making money in Real Estate which I'm MOST interested in for now.Any help or pointing me in the right direction is appreciated.Thanks!

Banks are Capital STARVED!!!

I'll be wholesaling until i get a capital up for putting up down payments, then i'll figure out what to do next.