Re: sell and "paper out"

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Posted by Dave D CO. on May 02, 2008 at 20:17:42:
In Reply to: Re: sell and posted by Michael Morrongiello on May 02, 2008 at 19:17:32:
Michael,
Thank you for the guidelines . If I were to hold the note in the ira for a year or two would the $20,000 down payment be sufficient to allow a sale to an investor. The cost of the property including rehab was $50,000, the down payment would recoup 40% of my investment , the sales price is below comps pulled in the last 60 days, does this deal make sense to hold in my own account for now ,until the note has a history of payment as agreed.
Thank You
DaveDCO

Follow Ups:

Re: sell and "paper out" Michael Morrongiello 13:33:30 05/03/08 (1)

Re: sell and "paper out" Dave D CO. 17:08:14 05/03/08 (0)

Re: sell and "paper out" jimmy farag 21:38:12 05/02/08 (0)

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