I'm not Brian, (I'm better looking), but yes, I generally expect to receive 3% of the agreed to purchase price as option consideration/assignment fee when working a cooperative assignment.

Hope that help a bit even if it just gives you one more consideration as you make your moves.

I am taking everything each one of you has said into consideration, and appreciate the frankness :)

One consideration is whether it's better to stay in the 150-200 range so that there isn't as much cash buyers out there.

Obviously, a considerably amount of due diligence needs to be done to verify that upside and understanding the risks.What would a partnership between the owner and a contractor look like?

Below are a few of the important considerations to make before investing your self-directed IRA into a foreclosed property.Tip #1: Buy the foreclosed property.Self-directing IRA investments into real estate has been legal since 1974.

RESPA prohibits either giving or receiving any consideration or thing of value pursuant to any agreement or understanding that it is in exchange for referral of business relating to a real estate settlement

There is one more consideration- if you are just starting out and want more than one property, banks will look at your debt to income (DTI) ratio.

Jeff S,Some of the questions you just asked me I never thought of.From what ive heard the market is not that great in northern Illinois.I guess its not as easy as lending money and making a great return on the investment.I know there are many things to take into consideration,but definitely going to do some more research

Maybe that rule works elsewhere but I find it so misleading for it to be the spoken gospel of rehabbing because it is not and takes no consideration into different markets.