Investment Info:

Single-family residence buy & hold investment.

Purchase price: $172,000

Cash invested: $43,000

We purchased this rehabbed home and added a privacy fence, removed overhanging tree...

-Getting into a situation where you’re borrowing additional funds to close, which if it is an unsecured personal loan, will have an astronomical interest rate compared to borrowing a secured debt like a mortgage.

Work with a CPA familiar with SDIRA tax implications to plan accordingly.Private Placement Memorandum (PPM) review – Ensure the syndication allows for IRA participation and that the deal structure aligns with IRS rules.Direct Purchases with Non-Recourse FinancingLender requirements – SDIRAs can only use non-recourse loans, meaning the property secures the debt, and your IRA isn’t personally liable.

I personally couldnt return to lock the garage.

This is why most wholesalers are terrible because their numbers are never even close on the repair costs.

I personally ALWAYS use 30 days as the time frame to close in.

It’s very easy as tenants pay like clock work electronically and are very reasonable for scheduling repairs.

Having trusted boots on the ground makes all the difference when you can’t be there in person.

The loan is non recourse, so I have no personal liability.  

As expected, I received very lowball offers from numerous wholesalers, all offering low prices, wide “weasel” clauses, no REAL earnest money (“ my attorney will hold my personal check”, etc.) and 120 -180 days closes.