Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

1,769
Posts
369
Votes
Robert Adams
Agent
  • Real Estate Broker
  • Henderson, NV
369
Votes |
1,769
Posts

Self-Directed IRA - Buy and Flip

Robert Adams
Agent
  • Real Estate Broker
  • Henderson, NV
Posted

Investment Info:

Single-family residence fix & flip investment in Las Vegas.

Purchase price: $56,000
Cash invested: $600
Sale price: $65,111

I bought this condo with a self directed IRA with a real estate focus. It had a roof leak that damaged the interior ceiling which was the responsibility of the HOA. I replaced the hardware in shower, did touch up paint, and a deep cleaning then sold it in less than 45 days for a profit to the IRA.

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

Building Retirement Capital

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

on MLS

How did you finance this deal?

Self Directed IRA Funds

How did you add value to the deal?

bought below value...Minor rehab and clean up

What was the outcome?

sold for a profit for the IRA

Lessons learned? Challenges?

Smooth deal with the IRA custodian

  • Robert Adams
  • 702-349-9175