I've noticed alot of the big name mortgage companys like Countrywide seem a bit conservative with their rules.

I have pre-approval to do 4-5 of the 50,000 deals that meet MikeOH's 50% rule but it isn't much good to have the funds available if the lenders will not finance.Most bank-owned properties I have found, the REO officers are cutting prices and willing to deal, but here in Alabama, the one year right of redemption is holding up my financing.Any ideas?

Hence you can grow your IRA funds if you invest in profitable deals.There are some specific rules about the RE transactions you can engage in.

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Similar in many ways to the 2% rule discussed here on BP.John Corey

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Check your deparment of natural resources or department of conservation for the rules.

For a long time I had trouble finding any deals that yielded the 2% rule.

If so, and assuming you're going to do hard money for the financing (that or cash, without the CO) then the 70%-repairs rule of thumb applies.ARV = $320,00070% = $224,000repairs = $100,000Max price = $124,000Pay that, and if everything works out as you expect, you stand to make about 15% or $48,000.

They feel that pooled investments are really securities and are regulated much more heavily than real estate transactions.Lending nationwide means knowing the rules and regulations in 50 states.