I bid my number, rejected their full price counter, and recountered by agreeing to a 10% earnest deposit and bumping up my bid a few thou.

I had called the owner the same morning the ad in Newsday came out, but someone elsehad jumped on it and put a deposit down on the property even before the ink had dried on the ad.Here on LI, RE is very, VERY expensive and(IMHO), overpriced.

Leverage:You are being asked for a deposit.

The main issue I see here is that the contract would be in the name of the IRA.If the contract is in your personal name and the deposit comes from the IRA, I would see a major issue.

Cristian Yepez Depending on how your contract is structured, you could lose your earnest money deposit.

Usually you put an earnest money deposit down immediately (some investors do it differently) and give the seller a due diligence fee to let the seller know you're serious about buying. 

Borrower is Earl Allen Boek can be found on Facebook.Will pay 5% for 110 years automatic deposited into your account of choice.  

. ($70k x 143% = $100k).It shouldn't matter if $50k of that $70k was already borrowed money - the Refi pays it out and you still get back your original $20k deposit.

You should follow the local laws to take the security deposit- equal to 1.5 month's rent, but I'd expect the management company to be handling this. 

It's income I can count on being direct deposited the beginning of every month.