SD-IRA condo in Memphis

[James Wachob]

Investment Info:

Condo buy & hold investment.

Purchase price: $22,000
Cash invested: $3,000

Not my typical investment but how can you say no to a $22,000 property?

What made you interested in investing in this type of deal?

The price. This condo association has struggled to maintain the streets and grounds since the mid 1990's. However, they have recently made some great moves towards stabilizing the community.

How did you find this deal and how did you negotiate it?

Wholesaler.

How did you finance this deal?

SD-IRA

How did you add value to the deal?

Minor repairs

What was the outcome?

TBD - it's too early to tell.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I am a real estate broker and owner of a property management company.