Typically a seller can't get out of a purchase contract once they agree to sell, but it's also rare for a court to force a sale if the seller just doesn't show up to closing.

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

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. 

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

We have not identified a new primary or investment property to purchase yet.

I find good deals more often than I can afford to purchase them.

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.  

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.

>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.