If you would have asked me a few years ago, I would have disagreed with you but in this market, in this economy and being self employed--I don't want the stress of millions in mortgages owed.We have paid off two properties free & clear and will have a 3rd one finished in 12 months (hopefully).

I suspect your contract or the addendums say something to the effect that the buyers only recourse if the seller breaks the contract is a return of the earnest money.

Hi Jon,Hi Jon,Yep, you are right...using any type of financing (mortgage, seller carry back) inside the IRA generates that nasty UBIT.I have shown my clients how to use options and lease purchase arrangements to avoid this problem.The better choice is a self administrated solo 401k since UBIT does not apply to this type of plan.Dave

No matter what party wins the election, inflation will be the real priority as it effects everybody, not just homeowners.

The automobile manufacturing business has been hit hard and that has really effected the economy up that way.And on another note I know my fantasy QB is from Cleveland and he is stinking it up - hopefully he can turn it around vs cincy this week.

I have also used an attorney in the past and that was much more expensive, but not any more effective.

Does anyone here have a significant other who simply did not want to be a landlord? How did you overcome that? Mine is nervous and while her fears aren't completly unwarranted, I simply am not stressed out by the thin...

Cash out will require 6 months and max # of financed properties will be 4.Effective date is supposed to be 12/1/08 but the remaining lenders still allowing these (which is very few) will probably start implenting this in the next 30 days.I'm staring a new post to clarify some things.If you have someone that can work these for you then I strongly suggest moving forward right away.

Still there was no way I'm driving to Vail every weekend if I decided to self manage.I don't consider $11K NET on a $330K investment a good deal so I'd pass!

Greed has gotten us where we are now and if you take a self-serving approach to your wholesaling, you will not be very successful.