I recently made a cash offer on a bank owned property, 5 k deposit, they accepted my deal.

In fact, if the bank counters within of couple k of what I offered, I think I'm going to suggest that the "negotiator" or agent (that doesn't have to split the commission) kick in the difference to make the deal happen.

If a SD-IRA custodian knows there is a prohibited transaction taking place, the custodian will most likely distribute the portion of the IRA/Solo(k) involved in the prohibited transaction, which will kick off taxes and penalties.Furthermore, if a custodian like the one I work for is presented with an asset that's a PT for acceptance, and we see the PT, we will not accept the investment.

- I saved a few $k in closing costs. - Leverage for a better deal.

@Jonathan K.

@K.

Calling Rob K. to give this landlord the reasoning behind not having lawyers - especially real estate specialists - as tenants ...

@Chris K.

. :)I am actually open to the idea on investing near USC area, however I'm not sure if I can get the financing.... for 400k -600 k.. if it's a multifamily with positive cash flow perhaps maybe.

@Jonathan K.