Project Description

How Acquired – From a Real Estate “Wholesaler”

Asset Type – Single Family Residence (SFR) in suburban Northwest subdivision of Tuscan-style, upscale homes

How Funded – “Self Directed” IRA and Joint Venture (JV) with another Investor

Objective – “Buy-Fix & Flip”

Scope of Work – Major cleanup; new kitchen and appliances; new master bathroom; floor tile work; interior paint, extensive landscaping.

Exit Strategy (Outcome) – Rehabbed, then listed for sale with a Realtor.  Sold retail to buyer represented by a Realtor.  Accepted buyer’s offer, funded via conventional bank financing