I have worked in real estate briefly as an assistant to brokers so I am familiar with the personal purchase and selling of homes.

Funds received from sellers, nonprofit or other organizations, including state and local government agencies, for down payment assistance grants cannot be used to reduce the required contribution.Funds paid for costs outside of closing, such as hazard insurance, taxes, application fees, and other items related to the purchase, are considered part of the homebuyer’s required contribution.

Usually the lenders who do non recourse are when the buyer is buying in a self directed IRA.

We received for the first time a 1099 Misc. from a Commerical Tenant of a property for rent that is held in our Self Directed IRA. 

Loan servicers will assist in compliance.Closing/Wrap: Despite the legions of title companies, they are merely insurance agents. 

I would advise them to educate themselves on business, real estate, and do some soul searching through self-improvement material.

I have recently begun working with an individual to help me with paperwork and other tasks.My top three tasks as of now are (after training): 1. Paying bills and recording financials.2. Organizing all files both digit...

Any criticisms would be of great assistance.

Hi Tanya,Perhaps I can assist.

For several years, I have self-managed my growing portfolio.