You deserved two of them for your AL stand-up routine. 

We don’t use LTV explicitly, but using our criteria, it ends up around 55% to 65% of the ARV.

I would tell people today that if you buy a primary residence expect to stay in that home for atleast five years, especially with a FHA loan which has lower down payment as the current forecasts for home appreciation or very low which with closing costs on the buy and sell, it will take several years to have equity in the property and enough to be able to sell, so that is something also to consider.

Generational Wealth: If your SDIRA invests in real estate, those assets can pass to your heirs, benefiting from the step-up in basis (outside the SDIRA) or continued tax-advantaged growth if inherited in a beneficiary IRA.

He acknowledges he owes us $3.8 million and signs a deed to us to be filed if he doesn’t perform.  

And I would constantly bring up that I would love to buy the property he was living in.

This lesser-known strategy could help you save money and reduce your monthly payments without the hassle and cost of refinancing.

Hi @Damon Diddit I would avoid Newark at all costs. 

You’re on the right track—build awareness of costs where it directly impacts their role, but don’t overcomplicate the program with factors they can’t control.

To me at my current knowledge level, this deal only works if taking over the loan - to limit the out of pocket money to acquire the property since the outside reno and new septic would take up the bulk of rehab costs.