I really like the group, but the meetings are on the other side of the water making it a pain to get to from Virginia Beach.

hmm is not good if he isn't familiar with the rehab part of the business... maybe ask him if he can find anther realtor to help and offer the other realtor part of the commission. that is part of the growing pains in this business.

Anyway I answered and it was a gentleman who received my direct mail.He told me that the homeowner of the home had died some time ago and he was either the administrator or executor of the estate (I was half sleep when I talking to him this morning).

I feel your pain.

I know HOA is a pain so I try to get property that have lower HOA for my client.I did my best to look the property for you from that last time I left message to you.Here what I found so far:City: Redondo Beach (2), Laguna Beach (1), Huntington Beach (1), Long Beach (8)HOA: 200-600stunning ocean viewCity: Marina Del rey (1), Long Beach (5)HOA: 600+If you don't mind to provide me your email address, I can send those property to your email.

@Mark Ferguson I bet those annual premium payments won't be so painful anymore now that you've experienced firsthand how vital it is to have coverage, and how much financial loss you've avoided!

If I end up wholesaling or flipping this - I'll be sure to share the rest of the story, in painful detail as usual!

Was a pain, happened at a very busy and inconvenient time, but glad I did.

Seek broad education in real estate, business, tax law, government laws (federal, state, county, city), finance laws, real estate law and practices, and as much as you can think of that may or may not directly apply.Education Sources-Small Business Administration (SBA) (not just for loans)This is a taxpayer-funded organization just waiting to give you guidance and education.

Definitely familiarize yourself with the self directed IRA do's and don't related to prohibited transactions.Quest does a good job on the educational side of teaching this, so attending their free classes are helpful.The self directed IRA administrators make the money in a combination of ways, there is usually some sort of yearly maintenance fee, and then some charge based on the value of the account, while others charge based upon the transactions that occur usually from the account (money coming back to the account from investments is often not charged, but this may vary from custodian to custodian).Hope this helps some.