Self-Directed IRA - Buy and Flip

[Robert Adams]

Investment Info:

Single-family residence fix & flip investment in Las Vegas.

Purchase price: $56,000
Cash invested: $57,600
Sale price: $65,111

I bought this condo with a self directed IRA with a real estate focus. It had a roof leak that damaged the interior ceiling which was the responsibility of the HOA. I replaced the hardware in shower, did touch up paint, and a deep cleaning then sold it in less than 45 days for a profit to the IRA.

What made you interested in investing in this type of deal?

Building Retirement Capital

How did you find this deal and how did you negotiate it?

on MLS

How did you finance this deal?

Self Direct IRA - cash

How did you add value to the deal?

bought below value, cleaned, very minor rehab

What was the outcome?

sold for a profit

Lessons learned? Challenges?

smooth transaction dealing with the IRA custodian