Hello BP Members - I have a self directed IRA (traditional) and plan to use it in a flip transaction with a friend of mine where the IRA would only be an equity partner.

The key is understanding that you are chasing equity and know the ins and outs of both the probate and foreclosure process.

The end goal is to have a substantial amount of passive income as well as build equity, to have additional security for my family in case something were to ever happen to myself or my job.  

I don't like the idea of holding a 2nd if there's going to be a market correction, unless there's a lot of equity in the property.

I have several off market opportunities with 45 - 70 in equity, what would be the best way to approach these deals wholesale or buy, rehab and flip.

I'm getting my house apprised and taking out equity for a for a purchase of a duplex.

BRRR is your sweat equity entry, even if you hire everything out. 

Also from what I gathered you need to have the funds in your account for 60 days unless it's coming from a HELOC (which won't help me as has a max out of 80 to 85% of equity).

I am preparing to take my RES exam before the new year and hoping to transition my full time position into Real Estate soon.  

I am hoping to find a diamond in the rough that needs some repairs, hopefully resulting in some built in equity.