It reminds me of a story when I used to work at a church.

Quote from @Rayna Hahn: Santosh, In our deal, we are receiving interest payments and they have been paid every month although I have to send an email almost every time to remind them.

Sometimes I need to remind the people that I hire that I can do the job, I just choose not to.

They send you a monthly update prior to billing to remind you to make any changes. 

I lost my potential profits in these deals, but I was once again reminded how my team is critical in the future of my career in this business. 

Unless contractors contract has a specific time of completion, you will most likely not get anything...remind the contractor of future work possibilities!

If you want to sign Far Bar as is contracts with a 60 day closing and then agree to do a 45 day extension addendum while you are waiting on probate, then you could be aggressive that way, but I would just let it go, and remind them weekly you are interested.  

@Brian Eastman@Mas YoshidaBrian, Remind me again, doesn't the SD-401K avoid the UBTI / UDFI?

Hello Daytona Bch Area Investors,Just a quick reminder!

This may be a long post, but I thought it would be good to walk through everything step-by-step, and explain my thinking along the way.If you want to stick with me through it all, here we go:I was not going to be getting a conventional mortgage for my first property for a number of reasons.First, I am still annoyed at the hoops I had to jump through to get a mortgage for my primary residence.Second, my liquid cash was on the lower end.Third, the properties that I would need to start out with would not be financeable anyway.Fourth, my DTI is on the high side, due to the decision that we made to take out a HELOC to complete interior improvements on my primary house.So, I decided that my path was going to be to form a single member LLC, and take a loan from my 401(k) at work to finance the down payment.Since I do not view the 401(k) loan as a long-term solution, I am treating like hard money, and pay it off ASAP.So, my first deal would be a flip, or a rental that was such a good deal, that I could re-fi out and pull all my cash out.I decided to reach out to the commercial lending department of the local credit union, which I am a member.The person I talked to (who became my lender) is fantastic.I told him what types of properties I was looking for, and that I’d look to turn them into rentals, or to flip them.I will never forget his response, which reminded me why I love this credit union.He said:“Typically, the deals you are talking about are much smaller than the deals we like to do.However, we also realize that you can not get to that level unless someone helps you get there.So, if the numbers make sense, we will see if any of our products fit.”Awesome!