Purchase price: $240,000 Cash invested: $39,000 Sale price: $342,000 Held property for 3 years and rented out the property for 2 years with a rental profit total of $22100 How did you finance this deal?

At this point since it's after the fact while not totally correct; you may explore adding the missed asset/basis amount as a selling cost to just reduce your gain. 

I am trying to understand some things you said here as I am totally new to the commerical grade policy.

I Joined Jeromes Buying land and building homes program back in 2019Heres my opinion on my experience....First and foremost He offers two different programs. a 6 month program and a 12 month program.BOTH PROGRAMS ARE EXACTLY IDENTICAL THE ONLY DIFFERENCE IS:You can choose to have the weekly mentoring by Jerome once a week for 6 months or 12 months on a zoom call and you can have access to a private networking group of real estate professionals whether that be (realtors, contractors, brokers, Private/Hard money lenders, loaning institutions, Surveyors, Engineers, Zoning Board members in different municipalities, pretty much anyone you would need to get a project completed) for either 6 months or 12 months.6 month program will run you $5,997 if you decide to pay all at onceor you can make a $2,300 payment every 2 months totaling $6,90012 month program will run you $9,997 if you decide to pay all at onceor you can make a $3,000 payment every 3 months totaling $12,000I decided to join the one year program and chose the payment option as i figured within 6-8 months i would have my 1st project completed therefor my last two payments would essentially be covered by the return on investment from that project.PROS:The group is really a family oriented space where you meet a vast variety of people from all types of background throughout the country and other countries that are doing business just like you.

You would then stress to not incur any improvement cost above $22,000 or you may have to liquidate the property.In this scenariod, $60,000 if you are making an above return at 10% to 12% annually + $30,000 making $4% in a HYSA, the average return is maybe around 8%The blended return would be about 9%You may be better off investing in the stock market, get a slightly lower return but without all the added stress / work.I have to agree, I forgot about the 65% LTV with SDIRA mortgages.  

For calculating IRR, use the total cost of acquisition—this would be the mortgage balance plus the 50% buyout equity and any closing costs.Regarding refinancing, assuming the loan under the Garn-St.

That’s total cost.

No one knows what the future holds but assuming a 7% return over the next 20 years those accounts will grow in total to $2.4M.

Here are some key highlights from the report, which compares January 2025 with January 2024:The median sales price for the greater Austin metro fell 4.7% to $409,765, while the City of Austin saw a 4.7% increase to $553,465.Total sales in the metro rose 1.1%, whereas the city saw a 4% decrease in closed sales, demonstrating continued demand in spite of economic challenges.Pending sales under contract dropped 7.5% in the metro and 1.4% in the City of Austin, suggesting a slight decrease in demand at the start of 2025.Listing inventory increased 16.5% in the metro and 15.5% in the City of Austin, resulting in 5.6 months of available housing inventory in the metro and 6.2 months in the city, approximately one month more than in January 2024.According to the Texas A&M Real Estate Center, a balanced real estate market has around 6.5 months of inventory.

Totally out of control.