Wish I'd have held onto my house there and sold it in 2006.

That's the half ounce mark for gold.This is a game changer for those who have been holding physical precious metals in coin or bullion form (hint, hint).

(To be perfectly honest, I, too, had held that incorrect view until I thought about this a bit more.)I agree that renting is typically cheaper than owning from an initial cash-flow perspective.

My screen name may be a little misleading as I haven't bought , flipped or held a rental yet.

Hi, money held in trust may come under domant account requirements by state law.

I understand that they are just general guidelines and I want to make sure I am on the right track here.I have not bought any properties yet but my plan is to focus on acquiring SFH's for rehab purposes in the Houston area, keeping them for 1yr + for rental and then selling so I can capture the tax advantages for properties held longer than 1 year.

I actually think that someone who is dependent on having his hand held every step of the way is not suitable to be an entrepreneur.

And..the LTV will be off of as-purchased condition and likely not as-fixed.One thing you may wish to try is going to the location where trustee sales are held.

Perhaps we should add to the description on the LEGAL forum that Self-Directed Discussions should be held there . . .

I have only held a property once.