I don't anticipate needing to add or spend funds from the account on any regular basis outside of paying the property tax on the land each year.Anyone have any thoughts on the subject to share?

-Have about $30k in savings and usually able to put $2k in savings every month unless I'm paying for some other expense like a vacation or Christmas presents or an emergency-I have no other means of retirement accounts (no 401ks or anything like that)Where we live now, we know it wasn't going to be our "forever" home.  

I think I will also post this in the deal diaries section and keep a running account of what I am up to.

Account Closed skip this deal and keep looking for a better spread.

I agree this deal is probably going to be too thin once you account for actual taxes.  

We getting our real estate business kicked off and would like your recommendations for Accountants/CPAs in the Raleigh-Durham area that focus on real estate (Brokers and Investors).Any recomendation would be much appreciated!

We getting our real estate business kicked off and would like your recommendations for Accountants/CPAs in the Raleigh-Durham area that focus on real estate (Brokers and Investors).Any recommendation would be much appreciated!

He stated you could use a retirement account as collateral for an unsecured loan.  

So you can buy a nice deal that will not break your bank account and rent it out for 10-14% return on your investment, depending on how you buy it.2.

Originally posted by Account Closed:i want to start with a multi family building.