Teh key is to invest with someone who knows what they are doing, has a great track record, and your lending position is always first position and not to exceed 80% of low end value.That way, you are assured your return even if you did have to foreclose.I am not an attorney so I am not sure if I am 100% correct on the BK issue, but your recourse is first in the property (which if done right has enough equity to get your principle back and in this case, I believe it would not be considered a buy and flip so no UBIT - check with an attorney on that) and second (in my contracts) I persoanlly sign my own credit on the line and thus, if you were to foreclose on me for non-payment (which has never happended by the way) you could then go after my personal asseets in addition to the subject property in the case that your full principle and interest was not covered from taking back the subject property.As an investor, I would want every recourse possible to get my money back (securing my investment) and as such, I offer that security to my private investors.I still want to get this money out of the IRA with the least loss possible.

This is just a guideline that I use to screen properties.I like to have $100 per unit per month positive cash flow from all my rentals USING REAL WORLD OPERATING EXPENSES (i.e. the 50% Rule).Good Luck,Mike

You should not be spending anywhere near that amount to get those kind of rewards.You have a bright future in front of you.Keep up the positive thinking!

It will be interesting to see how Canada responds to this compared to the US, given that they US has put itself in an "awkward" position with having to continue trade with China.

Make sure it is positioned in the center of the flame.

Something like this:=-PMT(rate; periods; loan amount)You need the minus sign to make it a positive number.

i've heard both positive and negative experiences with distance investing, and i'm certainly interested in hearing your experiences too.

We purchased a non performing note, first position, on a SFH in Feb 08.

The positive of the extensive research was that I got a decent deal on my townhouse, and I actually enjoyed learning as much as I could about real estate.

On these transactions, CYA via disclosure after disclosure after disclosure.As Nick stated, you want to pay as little as possible to the seller for the equity position.