He had a successful flip, and sold it for a profit within seven days on the market.

Often times you will pay much more in taxes than if you pulled the money out, paid the taxes and penalty and then started investing in real estate.For example, with the financing you mentioned, the IRA must pay taxes on the portion of the profit earned by financing. 

Educate the land owner on the potential profit run the numbers and go over the basic proxy and blue prints.Make sure you have a seasoned and qualified Builder/GC because they can be a deal killer with wasted time and inflated material and extended completion dates.

It SEEMS ( I of course don’t KNOW) that the subject of the threat was called out, didn’t want to admit the truth, and when the subject was pursued decided to pick up his marbles and go home in the way of 5 year olds.  

the profit is far less than I typically achieve but this is an awesome cabin (it was owned by a country music star in the past). 

In short, he could simply not return the money or the profit by saying that he had reasons of force majeure, without clarifying any additional details.

On paper, it looked brilliant..cheap money, quick turnaround, and a profit projection that made his eyes light up.It taught me that the real risk isn’t just the cost of capital, it’s the predictabilty of your exit strategy.

Want to take profit and equity to an A market.  

Just keep in mind, the guru will not bail you out in a tough situation, unless there is significant profit in it for them.

A low price is no guarantee of profits.