heloc + self directed ira to flip
Hello BP community:
Recently I have been in the process of talking to a lot people regarding buy and holds and flipping.
By some luck I met a woman who has been flipping for the last 20 years and has offered to walk me through a flip.
I work full time, but she has a network of people she has been working with from the company to hold the self directed IRA, attorney, cpa, contractors and she told me the longest a house she flipped ever took to sell was 10 days.
I was thinking of using a self directed IRA 150k and 100k heloc for my first flip.
Thoughts?
Has anyone used funds from both for a flip?
How did it go?