The covenants states: Section 2 Residence Each Owner shall maintain his Residence in good condition and repair and all exterior colors and materials, including the exterior walls, trim, doors and roof, shall be retained as close to the original as is reasonable possible.

. *** Utilize 80% of the ARV in your calculations.2.Establish Days on Market through market research.3.From that – subtract repair costs4.From that – subtract finance charges5.From that – subtract holding costs6.From that – subtract RE commissionsWhat is left with is what I can pay.

We thought $200,000 per lot would be the max we could justify (still would need to pay all school fees, utility extensions, park fee of $10,000, permits, etc., PLUS all the other building and development costs) Some foreign investors made an offer for $585,000 for both lots, telling the seller they can close in 10 days and construct the house in 90 (right.... but I digress).

To structure it any other way would seem to miss the point entirely.Kama Ward- If I hear what you're saying correctly, it is that the biggest problem with raising funds in this manner is the accountability and transparency with which you must utilize any funds raised.

Keep the buy and holds outside of plans and utilize the tax benefits of BOTH vehicles.

Leaving the account still open and continuing to make new contributions.Also when acquiring real estate with "qualified funds" (your retirement accounts) and utilizing Acquisition Debt (a mortgage) there is some tax to be paid on the income, even in a Roth account.

He charges $100 extra for the tile, but doesn't charge me since I give him so much work.The only negatives are that the price is cash only and he's usually booked a couple months in advance.I don't know how he makes any money as he is there for about four hours and has expenses for materials.

I had to re-rebuild a shed as it was not the exact material they require, and also found out I couldn't replace wood trim on the house with vinyl as that book requires wood trim painted a specific color until all owners on one street agree to all replace with vinyl at the same time.

I don't think the house has been flooded for more than a week and the auction is happening at the end of the week.I'm not afraid of complete tearouts, but I'm wondering if I'm going to run into problems with a sinking slab or under-slab utility problems.

MATERIAL PARTICIPATIONYou materially participated in the operation of this business activity during the year, if you meet ANY of the following tests:1.