Well, sounds like the regulators are mentioning the same points I have been for a couple years on this freight train.

"Some" notes are exempt from security registration which those families are as follows: Delivered in consumer financingSecured by a home mortgageSecured by a lien on a small businessEvidencing a ‘character’ loan to a bank customerSecured by an assignment of accounts receivableFormalizing an open-account debt incurred in the ordinary course of business.So we see that when a note is secured by a home mortgage it realizes an exemption from the securities definition.

Truly self-directed IRA's are held by specialty providers with different paperwork and staff training focused on non-traditional assets such as real estate, private mortgages, etc.

Typically, a good inspection report can either help you negotiate the cost of repairing or replacing damaged items, or at least it will give you piece of mind that there are no major items that you may have overlooked.Keep in mind that no home inspection can be completely exhaustive or predict the future, but a trained professional will make you aware of a lot of information about the property that isn't disclosed or apparent to the untrained eye.Best of luck to you.Cheers,Aaron

They did a great job promoting this product but it failed to deliver.

Of course they want us to pay cpl of hundred dollars for training sessions and what not but i did learn couple of new things that i would like to discuss. 1.

They want you to pay 25-50k for their guru services and delivered almost no real estate content in the teaching seminar you payed to attended.

Account Closed  while Agree with your sentiments on paid for training.. you also have those on BP who influence these folks and they get that for free.. whether you get the info by paying for it or for free here on BP its still not the correct info..

It's a fuzzy idea, at the moment, but the way data is interpreted and the way it is delivered to you can heavily influence your real-life business decisions on the seller's front.

But I can already tell bigger pockets delivers more than one can hope for, I am from NYC /NY Long Island area so I can relate with distance investing interest