Also has anyone done this and can you tell me what the steps roughly are for the legal/physical aspects, and how it went for you (was it worth it)Thanks!

Looking to purchase a home in another state with out having to go to state physically .

Scott thank you for the input , yes my plan is to quit working my full time job at the beginning  of next year , also i going to piece out the physical work so i can concentrate on the mental work, i want to scale my business splitting my time in too places is not cutting it!

Of course, the closer it physically is the better.

But I am older and physically going to the library was normal for me back in the day.

It has been an exercise convince investors that NOW is the time to buy properties in our market while it's depressed.

Thank you AmandaHow much would you guess rehab cost be, from a home that's not in bad shape physically but can use a update to be able to increase rent?

It's a good exercise to go through, but I wouldn't buy it without knowing a lot more.

There are some things to consider about using an SDIRA in this situation.A self-directed IRA is a type of IRA that allows you to use your IRA funds to buy real estate (for investment purposes)If you use your SDIRA for multiple flips a year, you may become subject to UBITYou personally (or any other prohibited person) may not do any physical labor on the propertyAll expenses must be paid by the SDIRAAll proceeds must be returned to the SDIRA when the property is sold

It's THEIR option, but the price is the price.They can still buy it at that price, with the bank financing what they will finance, and the owner of the option, now the buyer, puts up the difference.You, as the seller of the option, are under no obligation other than to honor the contract...which states the term and the price of the option.Notice, I only used the word "buyer" once, when the "option" was being exercised.