I am active duty in the US Air Force and have owned two rental properties in the Dayton, OH area since 2008.I first started learning real estate in 2007, shortly after attending various guru courses (namely Rich Dad/Wealth Intelligence Academy courses).

Your partner deferring payment until the prop sells is perfectly fine and makes sense to mitigate the risk of running out of money (which would necessitate borrowing from a party that is not disqualified, or selling project "as is", likely at a loss).If you had personal cash, you could also partner with your IRA on the front end of the deal (take title in both names), at a predefined % split.Be aware that flipping profits in IRA accounts are potentially subject to the stiff UBIT tax, based on "intent" to flip, which would be determined by the facts of a given case, as well as pattern of activity.

Welcome Raden, good decision on getting active on the forums, you will learn a lot more.

I'm currently inactive looking to go active.

I have only a fraction of the colleagues you do, but still see quite a lot of activity from all these colleagues I am automatically "following."

Kirk,We have been active in Phoenix for several years and even though valuation has risen 23%YoY, there are still good areas and profits to be made.I know a well connected guy in the local market you should speak with.Ping me back and I'll share.Dane

Congrats on your success with your part time activity, if you worked at it full time there might not be much left for the rest of us.

If you stay active on the forums you will eventually build relationships with other members and perhaps you can find a mentor...if not, you have many right here on the forums!

There are a few very active members in your area.

I have seen several of your posts on here and it sounds like you are active in the area!