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Updated over 6 years ago on . Most recent reply

User Stats

38
Posts
29
Votes
Andrej Petrovski
  • Flipper/Rehabber
  • Commerce Township, MI
29
Votes |
38
Posts

From 1 Flip to a $3M Property my 3rd Year In !!!

Andrej Petrovski
  • Flipper/Rehabber
  • Commerce Township, MI
Posted

I would've never imagined that in my third year into real estate investing that I would have been involved in purchasing a $1.4M commercial property. A quick transition from just flipping one SFR in 2016. The bigger pockets podcast has been monumental in learning and motivating to commit to action instead of just "dreaming" about it. Thanks for everything BP ! Go big or go home in 2019 !!!

Year 1 : 1 SFR

Year 2 : 5 SFRs

Year 3 : 26 Residential Lots and a 72,000 soft retail shopping center. 

All started with confidence in myself and liquidating my stagnant IRA.

Most Popular Reply

User Stats

85
Posts
66
Votes
Khaled Helmi
  • Flipper/Rehabber
  • Clarksville, MD
66
Votes |
85
Posts
Khaled Helmi
  • Flipper/Rehabber
  • Clarksville, MD
Replied

Did did you liquidate your IRA or did you self direct your IRA? as in, did you take the tax hit to your IRA to convert it into after-tax cash or are you just self-directing an existing IRA without the tax it?

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