Reason for this is that our 40% partner who leads the group purchasing the property accepted a SUBORDINATED note for his interest in order to put the deal together.Bottom line is this, by utilizing a number of CREATIVE real estate principles, financing, deal making, etc. we have increased our wealth by anywhere from $235,000 to $635,000 over what we would have had accepting a cash sale.  

I'm curious about the following: 1) If you have purchased a property, what are the pros/cons of doing so through your IRA? 

Purchase price: $575,0005 bed 3 bath house needed a rehab.

Hello BP community,I am an out of state buyer and  recently purchased a rental in San Diego, CA.

The only way you can cure rental housing shortfalls is to create enough new supply to reduce prices of existing units, drive down the price of purchasing housing for rental purposes such that more is bought, or for government to create and manage the supply itself.

Yes you can buy properties extremely cheap there but the flipside is that once yoI've rehabbed them, recouping your rehab and purchase money will prove difficult because of the low property values .  

>Investor would get a discount on ARV and be cash flow positive during the holding period.My issue is the premise this is a discount purchase.  

Or put in specific provisions such as if one partner wants to sell, then it is an automatic sale (maybe allow current partners to have first option to purchase, etc.).

For rental real estate purchases, should I be working with a buyer's agent with a strong background in investment real estate?

I am interested in purchasing duplex, triplex, fourplex.