Make sure you have done your homework on that house and know every piece of information you can in the area and have a good network of people local to bounce things off of.  

More than happy to offer whatever I can in advice! 

Hope to Learn all I can in Buying and Flipping Here in North East Pennsylvania.

yes you can, in quiken they are called Tags, you can tag the property and then each room or unit if you want to track each one

That said, if you have can out an agreement in writing and you have open books and can show a portfolio of similar successful projects a good agent might be open to that arrangement as part of a compensation plan.An agent can absolutely have do profit share on a deal, at least they can in Florida.

A great uncle of mine use to have a ranch just to the west of Airdrie - his kids have long since sold most of it for subdivisions - who use to breed the Palominos which lead the Stampede Parade for years.Wholesaling in Canada can be a tough slog.  

Total in house process.Not all investors can "in house" the whole process which is a HUGE advantage.I agree using self directed funds IS a great vehicle, (which I am currently utilizing for our acquisitions) but before folks go running off to convert their life savings, here's a few things that caught my attention about this situation.My post is really for the newer people to really pause for a moment before going "all in".Flipping can bury you if you have a "pie in the sky mentality" and your only trade experience is a slew of "Flip this house" re-runs.He's been doing it for 40 years.

Soak up as much info as you can and ask as many questions as you can. In

I'm self-employed so I write off as much as I can in terms of business expenses.

@Hem KumarIf your IRA purchases a property using all cash, it can in the future obtain non-recourse financing against that property and those funds could be used by the IRA to acquire a 2nd property.You would want to speak with the non-recourse lenders specializing in this type of lending such as North American Savings Bank and First Western Federal Savings to learn about how much equity you could pull in this type of a situation.There is no conflict with IRS rules in this type of scenario, assuming the 2nd property is also owned by the IRA and not by you personally.The use of debt financing in an IRA create exposure to taxation known as UDFI on the portion of the income derived from the borrowed money.