Anything above that is commercial of nature and you'd be required to put a generous down payment.

Thank you, everyone, for your generosity and friendly nature!

Since we're based out of a real estate office, it would be a natural fit for a number of people.

None the less reading a couple might start to help you understand some of the topics the contract deals with.In many cases, if the seller is institutional in nature, they will provide a contract to you which they desire to use and some times that is open for red line.

Really a week (If they just happen to be pretty busy) or less should be more than adequate.

I’m using my SDIRA to fund the purchase price of my first RE investment:·Purchase = $74K (w/closing cost)·AVR = $145K·Repairs = $25K·Anticipated Lease = $1,250/mo (NOI of at least $700/month)I have $82K in the SDIRA (I’ll need to obtain outside funding of $25K to cover repairs and maintain adequate reserves in my SDIRA).Option 1 – Obtain non-recourse “cash out” loan (5/1 ARM, 15 year, 4.875%).

I completely agree with what @Mike Nelson said.The one thing I'll add to his good advice is that each of us finds his or her own "groove" in building rapport and closing deals where you go from following the script to having it completely internalized so it's second nature.

Your ultimate goal is to buy the right property that has adequate cash flow and will move your income in the right direction.

Hey BP, I must admit, I'm pretty confiden that something big is lining that could naturally affect almost 2/3rds of our living.

Its the old Bell curve, the higher the price the fewer potential renters (or buyers).And if adequately advertised and it hasn't rented in 30 days, then the rent is too high.Here's a lesson from HUD.