In my opinion we may be entering into the final phase of the housing boom cycle, wonder how long this could last before the next correction.Below is the link to article from WSJ.http://www.wsj.com/articles/wells-fargo-to-offer-low-down-payment-mortgages-without-fha-backing-1464235261

Issue is that I'm looking to purchase a property with another individual living in the unit and our combined income is greater than the allowed max income..So my question is, is it possible to sign the contract myself and get the house in my name but sign a separate contract with the other individual obtaining half of the down payment/ payment for any expenses and they receive returns similar to me in a 50/50 partnership?

How can you do that safely as an individual?

The Northland group can be found on meetup.com     Enter in the search as "real estate investing Northland." 

I'm excited to join BP and start networking with like minded individuals where we can help each other become successful.

Right now my primary focus is on reading out to group of knowledgeable individuals in LI that I can work with once I get started.

3) If that is somehow illegal, is it illegal to enter into a land contract after taking on a commercial mortgage period or is it just illegal to use the portion of funds that was to cover the reserve?

I also sincerely appreciate having the opportunity to communicate with such helpful and knowledgeable individuals.

I'm a new investor, and I found a property in a C class neighborhood (a lot of college kids also) that is in downtown Kalamazoo, MI that I'm hoping some of you BP'ers will give me some feedback on whether it's a deal you would enter into. 

The general interpretation is that an IRA and a disqualified party may joint venture under the conditions that: Both parties enter into the transaction jointly (not one buying interest from the other).