Hey BP Family - I ran across a situation where I had a guy contact me saying they need to sell the mother-in-law's house because she passed away.  

I ran a trial ad and am getting lots of unqualified people responding-people who do not read ads thoroughly and can't pass my criteria.  

I ran into a similar situation in a house I just purchased. 

I ran some quick numbers based on what you said and it seems like when all is said and done, assuming you don't have any missteps with the numbers, you would have about 12k after all expenses w/a 30% tax burden. 

Here is what I got when I ran the numbers in my spreadsheet. 

I ran it to see if it would clean out and it didn't.What can I use besides vinegar as a solution to run through the cycle?

I ran into this same issue when I was starting out, I tried the hard money route for purchase and rehab funds which ended up being very expensive due to the high fees/points and interest rates.

Nashville TN is where I live but I send out marketing material to pretty much all preforeclosure homes in the state of TN.Recently I ran into a investor who is looking to build up his portfolio of rental homes so he is allowing the tenants to stay in their house and rent it out once we have purchased their home keeping their home from going into foreclosure.I'm posting this question looking to ask, are you a investor who is:1.

Nashville TN is where I live but I send out marketing material to pretty much all preforeclosure homes in the state of TN.Recently I ran into a investor who is looking to build up his portfolio of rental homes so he is allowing the tenants to stay in their house and rent it out once we have purchased their home keeping their home from going into foreclosure.I'm posting this question looking to ask, are you a investor who is:1.

But of course when you use your retirement account to invest in your business there's a number of compliance requirements at the beginning as well as an ongoing basis.The following IRS website cover the ROBS. https://www.irs.gov/Retirement-Plans/Employee-Plans-Compliance-Unit-(EPCU)-Completed-Projects-Project-with-Summary-Reports-%E2%80%93-Rollovers-as-Business-Start-Ups-(ROBS)Also, here is how the process generally works.A new C-corporation is established.Corporation sponsors a new 401k/PSP.The IRA funds are transferred to a new brokerage account opened for the 401k/PSP.The new franchise corporation issues stock shares to the 401k/PSP for the benefit of the franchisee.The franchisee must be an employee of the franchise business and he or she may take a reasonable salary.The franchisee’s family members may be employees of the franchise business and receive reasonable compensation for their services.To the extent that the corporation generates profits and elects to distribute those profits to the owners of the business, the percentage of the profits associated with the shares held in the 401k/PSP will flow back to the 401k/PSP brokerage account.