It has an assumable VA loan with a balance of 226k, and he says he doesn't want anything else but to have someone just take it off his hands.

We can ultimately eliminate risk by creating a land trust on purchase properties.The Land Trust is a legal entity, therefore it can assume a loan, create seller carry back financing, etc.

Since I'm assuming you're trying to sell us your system, go ahead and write up a contract stating that I will pay you the money for the course after I do my first deal, then I'll buy it.

I assume many "green" investors, or just investors with bad timing, could be in that situation.

I am living with a roommate and assume we pay equal rent.Lately i've been reading some other threads and started doing the math using some of MikeOH's calculations and realized i might be losing money, especially now that my assessments went up and they levied another 3 years of special assessments.basically gross rents are about 18,000 (1500 per month)expenses: 9,000NOI: 9,000Debt Service: 9600 (800 per month)So if I used these calculations just to analyze the deal, I should have known right away I was going to negative cashflow.

- As a mortgage professional, how do you think this new governance will effect your business (assuming that this bill achieves national acceptance)?

If everyone knows that the market slows then any seller on the market in the winter either does not care to sell or is rather motivated.Ic an be a good time to get projects read for sale come spring assuming you can deal with repairs in the cold.If you are wholesaling and that means taking title be sure to have ample cash so you can hold through the slow periods.

As per this clause i assume its legal as long as both parties have a written agreement, but im not sure and i cant find any good sources of information on the internet.

Assuming that you are focused on listed property find a good buyer's agent who will deliver.

However if it's in the thousands, then thats another story.I assume that even when this is a self directed IRA I will still be able to invest in the traditional things like stocks, bonds, etc...