We also engaged our CPA to finalize the capital contribution and distribution language.

Amazing advice across all fronts @Curt Smith @Jay Hinrichs @Scott Meyers @Robert Seed.Thank you for engaging with valued advice.

If not, learn to attract and engage private lenders might be one way to do the deal.If it's easier for him to let the bank take it, then maybe that's the way to go.

You should consult your own tax, legal and accounting advisors before engaging in any transaction.

Every lienholder in the country and every person who ever engaged in any kind of business held in an LLC that made a capital contribution would then have to register.

He and his partner Tom Perry are one of the rare educators in this space who are still engaged in doing real estate investment deals on a daily basis!!!  

I appreciate the encouragement and am looking forward to getting engaged with my local REIG. 

Steve, you must remember to follow the IRS rules which says that "Disqualified Person" can't be engaged in any transaction with the IRA.  

Can anyone chime in on how they started in wholesaling, specifically with little to no money and how you were able to build upon it to engage in other REI opportunities?

Hint: it wouldn't.I assume the note you're buying is from a person (not a bank) since any bank note/mortgage would have a due-on-sale clause preventing you from engaging in this arrangement.