The great benefit here is that these plans allow you to contribute up to $49k instead of the $6k maximum contribution allowed by an IRA.If you have no inside contact, for what will realistically cost you to open an SDIRA LLC, you can open an SD 401k plan.

Pay close attention to the details - open furnace closets, inspect the roof, look at the finishes and see if what you are looking at jives with what you are hearing.

Okay so I move a new tenant into a unit.They call the next day and say the tubs are not draining well.We go and inspect and the tubs are slow draining.We put drain-o and others down the line and it does nothing.Then we call our plumber and he snakes the line.The problem is someone put in a T line from the 2 tubs instead of a Y line so the line is clear from tub to tub but the snake cannot turn a corner to go further into the pipe.So the plumber suggest we use CLOBBER from a specialty store which is straight concentrated sulfuric acid.This does not clear the line.Plumber comes out and then installs a Y line fixing the T-line.Puts a camera down the line from the kitchen which is downstairs and the bath plumbing is in the ceiling.He sees a drink cap and what looks like a bottle but can't tell.We are thinking from a roof put on years ago a roofer dropped a drink down the plumbing vent and it is stuck.So the plumber opens up the wall above the kitchen sink and VOILA the problem is found!

They run the A/C on a 60-70 degree day....WITH THE WINDOWS OPEN!!!..

My Deutsche offer was 87% 90 DOM and HUD took an offer of 87% on the first day open to investors.Anson, I am curious as to whether the banks countered on your offers; and if so what was your first offer?

I am always open to any money making ideas or strategies and you can certainly make lots of money with me, yoou would only have to find a deal that makes sense.In my experience for So CAL properties, getting a deal from the MLS with enough spread for a rehab flipper like myself is difficult, but not impossible.

Would the listing agent even allow you to do that and could they open themselves up by doing so considering their fiduciary relationship is to their client and none exists between you and the seller?

That is why you want to buy below Market Value.Market Value is the price an asset will trade (sell) in an open competitive environment.Defined as follows: Market value is the estimated amount for which a property should exchange on the date of valuation between an educated buyer and a reasonably motivated seller in an arms-length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently, and without undue influence.The delineation of "After Repair" or "As Is" technically exists only as jargon amongst REI groups and conversations.

I'm open to wholesaling (local & outside of my area)!

And you need to put more effort in finding rehabbers who you can market to directly in case these WBHP's refuse to be creative and/or open minded.