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Updated almost 6 years ago on . Most recent reply

User Stats

38
Posts
14
Votes
Joe Palmer
  • Rental Property Investor
  • Delmont, PA
14
Votes |
38
Posts

First Deal Analysis and Advice

Joe Palmer
  • Rental Property Investor
  • Delmont, PA
Posted

I bought my first buy and hold SFR with a SDIRA and would like some feedback and advice on going forward.

I purchased the property for 33.5K and put 24K in to the rehab. The ARV is around 100K. Cash flow should be between 400-450 per month. Now I just need to get it rented.

I'm looking for advice/suggestions on how to scale over the next 5-10 years. I have another 40K to invest. My current thought process is to hold the first rental and then start to look for my second property. Since I'm doing this within a SDIRA, leverage doesn't seem like a very viable option with the Non Recourse loan stipulation.

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