The Trust Co will hold the funds and pay for expenses per your instructions.Alternately, that IRA may be invested into a specially formed LLC where the IRA is the sole member and the account holder or someone they designate serves as the manager.  

It's Rural Res but designated for future high density development.  

Working on my team (I got designer, contractor, attorney, realtor(myself), my wife to work in the business) still working on more people.

Otherwise, you might not qualify for the loan amount and if you can't assign the deal to another investor (and at least make a few grand for an assignment fee), you'll lose the deal altogether.

Ask him if he's an active investor or if rehabbing is just a hobby of his, chances are if he's an active investor you'll be able to explain to him that in order to build a successful long term business relationship, he's going to have to be okay with you making 10-30k on SOME deals. 33 grand can be a shocking number to someone who doesn't understand the value you bring to the table, negotiating and finding these sellers isn't easy, it isn't as Concrete as "fix the roof" or "renovate the bathroom" there's a lot of wacky stuff you have to deal with, an active investor will understand this, a hobbyist most likely won't.

I just checked out the FEMA floodplain maps to see what designation  other homes in the area are falling within.  

Type of funding used depends on the time frame and type of property we are purchasing.My wife worked as a bookkeeper at a property management firm when we were first married (over 25 years ago) and is also an interior/floral designer. 

I've had some experience in FL with rehabing 1920's-40's and most of the time you have no idea what it will take.You need to locate a top notch home inspection company that can get you a report and video of the crawl space, attic and any other structurally significant area that you can share in the planning stage.I just had a new construction home designed in S Fort Myers modeled after a 1940's bungalow and hiring the right people will make or break your project.

I am a Senior in college at Grand Canyon University.

This niche (and supply) is just not large enough for Wall St. who has to do everything on a grand scale due to the amount of money involved.I asked what I did above not because the local guru planted thoughts in my head, rather, its something I've been meaning to ask for a while as I start setting up my business.There are so many books out there that make this seem like a get rich quick scheme but my experience tells me otherwise and I wanted to hear from people who are actually doing it.From the outside looking in, it appears there are two distinct types of wholesalers: 1.