@John Boby land trust and living trust are two very different concepts.

But if you are determined to use cap rate as some sort of yardstick, read on for a way to twist the concept so it produces a meaningful result...You can't say that "I'm buying at X% and the projected NOI cap is Y%" because it will cost you more money than just the purchase price to bring a non-performing property to stabilization. 

@Canesha Edwards what are you raising the money for? 

@Edward Bowlby based on information your giving it doesn’t sound too bad.

@Daniel EvenchenI don't know where you got this idea of "extracting" cash from an IRA, but your understanding of the concept is totally incorrect.

@Edward Liu hey thanks for the reply.

- Buyer's Agent- My mom, Traci Greene with The Greene Team with Coldwell Banker Wallace & Wallace- Lender- Marissa and Margo with United Capital Lending- Listing Agent- Kendra Ellis with The Greene Team with Coldwell Banker Wallace & Wallace- Contractor- Lee Ellis with Ellis Construction Concepts/ Nice Flippin Homes

@Edward Liu I want to own a combo of A-B-C as well, but I'm trying to figure out how to sequence my buys to take full advantage of Fannie and Freddie guidelines.

Even some of the terminology/concepts I don’t know or understand.

Not everyone agrees with the concepts, but that’s part of it - learning what works for others and adapting it to work for you.