All Forum Posts by: Vikki Baumler

Thanks, Michael. The more I dig, the more I'm leaning toward flipping. I have a lot of experience rehabbing/remodeling - and know contractors for the things I cannot do myself. Wholesaling looks intriguing but time consuming from what I'm reading/listening to, etc. With flipping - I have to look at hard money or private lenders to get rolling.  

Thanks, Frank. My understanding, too, is I cannot do a combination of hard money lending and funds from my SDIRA. For example, if I cannot use some funds from my SDIRA for some rehab expenses but also a hard money loan to finance the deal.) Thank you!

Thanks, Rick. 

Hi all. I previously owned/managed and did all repairs for a duplex I later sold in a divorce. (Originally purchased with a private lender who has since passed away.) Now I do repairs and property mgmt for my boyfriend's properties. I'm eager to have my own real estate portfolio. I plan to transfer my 403b funds to a self-directed IRA, but since I don't have a lot of funds, I thought I would start with wholesaling to build my funds with the ultimate goal of building up enough to buy and flip SFHs to either sell or rent out. (Eventually, I want to own a multi-family unit. For now, this market is ripe with affordable SFH cosmetic fixer-uppers. Also ripe with multi-families, so I'm quite eager to dive in.) I do not believe I can get a conventional loan and do not currently know a private lender. Any tips for a newbie? I've been diving into blogs and podcasts to research SDIRA, wholesaling & flipping. But if you were to give me your top 5 action steps (after join BP) to get the ball rolling, what would you say to me? Thanks!
-Vikki