When you sell a property owned by the IRA - this is not a taxable event.

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

My plan is to fix this place up then STR.

For this reason, I often recommend setting up separate LLCs for Illinois investments.

This is your error margin.

I currently have a $1.4M real estate portfolio and expect to reach $1.7M after buying this new property, generating $7,500/month in pure cash flow.

Given that I’m currently unemployed, I’m leaning towards a fix-and-flip to generate some liquidity.Here’s my current situation:My first investment property (the duplex) was purchased using a HELOC from my mother’s primary residence (via Union Savings Bank), and the deed is currently in her name.I also secured a second HELOC against the investment property to cover contractor expenses.I'm considering transferring the property into a DSCR loan under an LLC, but I believe this would close out the second HELOC—can anyone confirm if that’s correct?

This keeps it fair.

What I'm hoping for is an Excel or spreadsheet template that allows me to play around with these variables and, most importantly, calculates the IRR and TIR for each scenario.Does anyone have a board or Excel sheet they use for this kind of investment simulation?

Purchase price: $3,200 Just bought this piece of vacant land. 2 acres out in the desert.