It seems like I'm about to put my life in the hands of my contractor. 203k is cool for allowing me to roll the renovation costs into the mortgage, but with that allowance come stipulations.

But my attorney and I are having the foreclosure amended.rather than having the Condo Association proceed subject to the first mortgage, amend the Magistrate’s Decision to transfer the first mortgage to the proceeds.

On the one hand, you could buy the property at the HOA foreclosure auction, assuming you would pay less for it than what your FC costs would be.

Becoming so laser focused on REI and getting my hands on every source of material I can to learn.

On top of all this my attorney was not at all responsive to any questions I had regarding the contract so I was forced to hand all this over to a new attorney who BTW has been phenomenal This was extension number one.

On the other hand I could but a fixer upper, pay the payment on it and then hopefully sell for a small profit to help fund another deal.Thoughts?

If you want to bribe him out by giving back his deposit you hand it to him the day before the eviction hearing after he clears out all his belongings, you have changed the locks and he is headed down the lane.

They're currently undergoing litigation to recover the property but don't expect to get much out of them unless they can garnish his wage from the VA.On the other hand, my father is a doctor and when starting at a new clinic, the doctors approached him to buy into the property.

Be a people person and go out and shake hands, and talk to people in person.

Here is what page 5 of IRA Publication 560 states:https://www.irs.gov/pub/irs-pdf/p560.pdfHowever, if you are not self-employed, you may want to open a self-directed IRA and transfer the former employer plan into it.