Updated about 6 years ago on . Most recent reply
Finding Investors for the Cincinnati area
A few months ago I started purchasing houses under 50,000 that are livable and need minimal work in the Cincinnati area. I am looking for investors that would want to possibly use a self directed IRA to fund the purchases as I find houses. I put a qualified Buyer in the property that will fix it up as the owner. I create a note with the buyer at 10 percent interest on a 30 year amortization schedule. That allows for almost all interest in the beginning of the loan. Walter Wofford has spoken on how he has done this in his area and made huge improvements to the area. I am excited to try this out and I would be happy to meet with anyone or have a conversation about the process. Please let me know if you are interested.