If there was a Hall of Fame for investors, Lonnie would probably be in it.It's too bad too that so many following this scheme did so as preditory dealers to the extent of having federal legsilation adopted to restrict the practice.I guess the best way to proceed is to make enough on your fist few deals, maybe sell the notes for cash and pay the fees to become a licensened mortgage originator and a dealer, otherwise you'll be limited to conducting business.BTW, Another similar "system" involves selling land, if it's zoned residential or can be used as residential raw land, it also falls under the SAFE Act.

There are sure to be plenty of tenants out there who won't mind the added noise, especially if it gets them into a place for $100 or so less than another similar place.

Derek, It can be done for sure, in fact, some people specialize in rehabbing in similar areas.

You need to know your score for all three.Different creditors pull from different agencies depending on where their headquarters are located.I have seen point variations in the hundreds of difference per agency before.The reason is people have similar names etc. and info gets reported incorrectly or to the wrong file.

Check with the power company and tell them what you need they may offer a similar program.

If theIRA LLC is the sole purchaser of an investment, then the IRA LLC creditors can only attach the amount within the IRA LLC, not outside of it, ...Am wondering if real estate in a 401k would need similar protection from LLC.

I'd take the cash offer of a financing one (as long as we are talking similar sales price) any day.

I have never seen cases similar to this work out for the landlord of the management company trying to collect.

Once you include repair costs, could you buy any number of similar units at the same price?

Are you getting a good deal vs. similar properties?