All Forum Posts by: Bill Krenz

I bought a house with my self directed Health Savings Account a few months ago. What I like about self directed accounts is the flexibility you get and options you have with real estate. I don’t think you should have all your eggs in one basket. I think the best way to learn is just set up account and try it out. You have currently have rentals so it will be a good transition into account. With my HSA deal I put down and 13,000 and the seller is financing the rest of the 128,000. I plan on selling the house in a couple years and should make 40-50 grand tax free. I also bought a triplex from someone that owned it in there self directed Roth account and I’m making the Roth account monthly payments which they just want a steady return. So it’s a win win for both of us.  So I know both sides of it.  I personally think SDIRA are great and have many benefits. Just reach out to me if you have questions. 

@Mark Huneycutt

Don’t be afraid to check out mid level markets also. In the 100,000 people and under. Less competition and the best advice is just jump in. It will be the best learning experience you can get.

@Mark Huneycutt

They do, my wife is a veteran so we used one on the duplex we bought. My advice is look in the midwest markets for single families that need some work. Your entry rate is low. You can buy a house for around 50-75 grand that mostly needs paint carpet and light remodel. That way you only need 10 to 20 grand down. Then you get for a rental or sell for some cash and do it again. You can build a team after doing some and build up from there. The problem with Alaska is the entry level is high and everything costs more.

@Mark Huneycutt

Build a good team and that will go along way with the process. What made you pick Alaska to invest here?

With non occupied that is pretty much your only option besides private or hard money loans. Banks don’t like frozen houses or ones that froze up before. I found most va foreclosures were froze up before especially in Fairbanks. Most of the time it’s not that big of a deal unless it froze to the street. Then it’s just more money. Are you in the anchorage area or Fairbanks? 

Investment Info:

Single-family residence buy & hold investment in North Pole.

Purchase price: $128,000
Cash invested: $17,000

Bought with seller financing. My Self Directed Health Saving Account is paying the seller monthly payments and there is a 5 year balloon payment due.

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

Wanted to Leverage my HSA

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

Seen it on Craig's List and called. I just asked if you would sell it to my HSA on owner financing

How did you finance this deal?

Put 10% down and seller is carrying the note.

How did you add value to the deal?

Will clean up the house and paint it

What was the outcome?

Worked out better then I could thought. Found renter right away and they might buy it some time in the future

Lessons learned? Challenges?

Just call people and ask for what you want. He just want the cash at first.

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

Just a title officer

@Rick Pozos I would agree with that about equity. They had some paperwork issues and the closing got pushed back a few days.

@Taylor L. I’ve heard good things about Quest trust.

@Derek Dombeck

I have not heard of that company I’ll check them out. Thanks.

I’m using equity trust company to handle my self directed HSA account and purchased a house last week with seller financing and I have a triplex that we bought and the financing is through someone else’s self directed Ira account and equity trust company. Just curious how has the experience been at other companies to work with? Are they quick at getting the deals done? Thanks.