Hello all, just curious if someone has any ideas. End of 2014 I will have my second home paid off inside of an LLC which is inside of my IRA. Total worth of the two homes will be about $270k. If I leverage I can get E...

Hey @Augustin G.Congratulation on planning ahead and asking a wise question!

You've got a bright future ahead of you if you can stay persistent and focused.One thing I notice is that, regardless of your age, people will work with you if you bring value to the table.

It has a balloon in a couple of years, so it not 'due' at this point, but possibly the borrower would consider refinancing ahead of time if they could find a favorable loan.The 'Note' is secured by a Mortgage that was drawn up by a Real Estate Attorney.

In my book, getting your information and some straight forward pricing in the hands of busy agents is key.

Go through you new lease very slowly with old tenants and plan ahead to make a good first impression.Now, the terms of the new lease is something you want to strategize on.

:(IMO if your going to do a flip and you can do it via sub to then go ahead and do it if the flip from start to sale date is going to be 6 months or less.

You definitely don't want to use a straight JV for this because you'll quickly run into securities concerns if you want to open your operation up to a wide array of investors; which I'm assuming you will.From the context of your post I think setting up a series LLC with each series buying a block of properties would probably be something worth investigating.David's post is spot-on about fees.

I am not afraid of a head ache, but I just want to make sure the head ache is worth it.

He was a few years ahead of me in school but provides another example of a close knit group.