All Forum Posts by: Eric Johnson

@Jeff Brown and @Matt Devincenzo thanks for the edifying responses. I was not aware that notes could be purchased inside an IRA. I will have to research this. Thanks again.

Greetings BP,
Has anyone used a self-directed IRA to invest in RE? If so, what was your experience? I'm considering rolling some or all of my ROTH IRA funds into a self-directed IRA to invest in RE

Charles Morgan thanks for the response.

A friend bought an investment property in 2006 for 123K; she owes 118K; house currently valued at ~50K; the bank has approved a short sale of 45K. She had an investor willing to purchase but the deal fell through. The house has some major issues - one being mold - because the former tenant trashed it before being evicted.

This, seemingly, is not a house a rehabber would want since the cost of repairs would far exceed the value of the house. This could be a good rental investment, however.

Any advice on this? Does anyone see any potential here? I'm a very new investor so any insight would be greatly appreciated.

John Thedford - They are obviously very smart people. I, too, have always been a very disciplined investor. I just wished I'd not waited until I was 40 to start investing in RE. Nevertheless, 40 still affords me more than enough time to amass a significant amount of wealth for myself.

Jackie Lange thank you for your response.

Hello BP,
Has anyone used a virtual assistant? If so, how has it benefited you and which site do you recommend I use? Also, would you recommend developing a squeeze page? If yes, has it increased your business?

Thanks in advance,
Eric

Hey Jeff, welcome to BP. You are definitely in the right place. Ask any question you may have.

Definitely start with the Free Beginner's Guide located on this site under "Learn" as the top of the page. Very good foundational information.

Wayne Brooks and Ryan Logsdon, thanks for your response.