@Samuel Coronado My experience with building lot purchases is they’re usually only worth what you pay for them once.

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.  

We're both on board with the idea now - my question is around how to make the purchase and structure the agreement...we both want to go in 50/50 towards a conventional loan and then have it managed by a property manager. 

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.).

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

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 .  

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

>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.  

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

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