Hi Dean, welcome to the community!

Hi Stephen, welcome to the community!

Conventional financing How did you add value to the deal?

Purchase price: $232,000 Cash invested: $200,000 Sale price: $575,000 I purchased this single-family property and undertook extensive renovations, including excavating a new foundation and reframing the entire two-story house.

Cash from a self directed IRA How did you add value to the deal?

You have uttered the words that act like a whistle for the Pied Piper so I will get out ahead of it.

Depending on the construction, you have to do major upgrades on electric, plan for plumbing for apartments which may not be permitted in the area for the sewer or septic.

As mentioned have an attorney or title company draft the note and mortgage.

How did you add value to the deal?

Building a structure from the ground up, since you need to build/create foundation, can be difficult.