and just letting them know what I'm trying accomplish with the transaction, so that they can better explain what it is that they have in mind for my goal(if anything).Thanks Account Closed

He deducts his transaction costs of $30,000 and he has a net profit of $120,000.  

I'm just getting that business up and running (5 transactions closed so far) but I also wanted to start wholesaling. 

I want it to solve problems for people, and I want both sides of the transaction to be satisfied after the deal closes.

(Some background: I was the one that funded the transaction from the beginning and reported and paid taxes on the rental income all these years.

Estimated costs 270 incl transaction and carrying for 120 days.

I wanna know about transactional funding.

To avoid prohibited transactions entirely, it's probably best to look for a completely separate rental property that you and your wife will not have any personal involvement in.

Any direct or indirect transaction between his IRA and such a disqualified party would result in a self-dealing prohibited transaction for his IRA with severe tax consequences.Your father's IRA could be used to form a new real estate development business using a Rollover as Business Startup program.  

So with 1 transaction I can see where this broker probably just did not want to have the exposure that direct mail can cause..