All Forum Posts by: Suzanne Ludlum

Thank you both @Glenna Wood and @Carl Fischer!  Your comments are much appreciated.  

Has anyone used a self-directed IRA to fund real estate deals? If so, what company would you recommend? And, has anyone had experience with Equity Trust out of West Lake, Ohio?

@Jay Hinrichs

We received it all because our tenants are either govt employees or school teachers.

@Brian C. Thanks Brian. I hope you don't mind me asking so many questions, just a couple more. Even with owning and working on the property for 6 months (2 waiting for permits, 4 actually doing the work), you still saw a decent ROI? Did you sell the property or are you renting it?

Thanks again!

Suzanne

@Brian C. Thanks for your input, Brian.  Might I ask how long it took you to complete the deal, what kind of work you put into it yourself in terms of construction, electric, plumbing, etc., and did you rent it or sell it?  We are looking at one house that's in a neighborhood that rarely turns over, but the reserve price is under $100K so it's intriguing to us.  

One more question:  I don't know how long you've been with BP, but in your experience has doing real estate investment been worth it to you?

Thanks again!

Suzanne & Charlie

Has anyone had experience flipping in Fredericksburg, VA? How about buying a house at auction? We are new to BP and want to know what other's experience has been.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $305,000
Cash invested: $152,000

Single-family townhome, new construction. We bought this property to rent.

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

New construction, location, amenities

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

Real estate agent friend.

How did you finance this deal?

Traditional mortgage

How did you add value to the deal?

Installed many upgrades during building process.

What was the outcome?

Shows beautifully, very desirable.

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

Yes