Asset Type – Single Family Residence (SFR) in a suburban Northside neighborhood of upscale mid-century homes
How Acquired – From a Real Estate “Wholesaler”
How Funded – “Self Directed” IRA and Joint Venture (JV) with another Investor
Objective – “Buy-Fix & Flip”
Scope of Work – Demolition to remove wall; major cleanup; leveled foundation, new kitchen and appliances; new bathrooms; 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.