Since you have purchased real estate before, you will notice it is nearly identical to the contract your realtor uses.I took the completed contract as well as the earnest money deposit to a title company who did the majority of the work.

On the contrary, paying for expenses related to the investment of your IRA with the personal funds would violate IRS rules. 

Thank you.I know the neighborhood very well and have 2 properties nearby.The difference is this will be our first rehab at this scale and didn’t know how the rules change.We want to rehab the building to contain 25 Two Bedroom units at approx. 1100 sq ft per unit and rent for $1500 each.

I just feel like they may be losing out on a lot of business due to the 80% rule.

Whenever the division or superintendent of real estate is referred to or designated in any statute, rule, contract, or other document, the reference or designation shall be deemed to refer to the division or superintendent of real estate and professional licensing, as the case may be.

Does the 2% rule still apply for a property you fully own already?

The assets are subject to the same rules and restrictions as stocks purchased in a 401(k).

When going to a live auction, what rules do you set for yourself?

Looks like a lousy investment to me in terms of the 1% rule .

This doesn’t sound like a good rental home for a variety of reasons and it’s value exceeds the 1% rule which is all you can get in rent .