Sounds like the industry, and the used car industry as a whole has some really shady characters, e.g. people who "replace" the damaged vehicles deployed airbags with bags of packing materials or paper.

Another solution is to attempt to find someone who will loan the money to the IRA without a personal guarantee in exchange for the interest in the property.

My first attempted deal in REI turned into a bust yesterday as the seller failed to perform.

It's only a doorknob, but I'm a bit uneasy about having one set of rules for one tenant and a different one for the others (the other tenants do not attempt repairs on their own, they always call).

I just wonder what happens if the owner attempts to sale the asset...

I had one guy that regardless what was ever presented, he's attempt to show some negative aspect to try to negoiate a higher yield, he got the message when opportunities passed him by, but some brokers may have to work with such investors, could be the reason you are not getting the deal that was originally mentioned.Brokers may work with other brokers and institutions as well, in such cases the loan terms will be set by agreement and the broker will have little wiggle room.

Well, the other day, a buddy of mine bid on a house that got 35 offers in just a few days, and today I attempted to make an offer on a house listed for $110k in a C class neighborhood.

But its a complex calculation best left to a financial calculator or Excel.If you want to attempt the math, Wikipedia has the forumula:http://en.wikipedia.org/wiki/Loan#Loan_paymentYou'll need to apply a little algebra to that formula to get to the rate calculation from the other three.

I'll be dropping these in increments of 250 over the next week to attempt to spread out the calls.

After 40+ rehabs in my local area (Atlanta), Marty and I decided to venture into a new market together and give long-distance rehabbing a try.It was quite a project -- the largest I've ever attempted, both in terms of scope and budget.