How I made a nice profit in 90 days and created a five-year income stream tax free | Think Realty | A Real Estate of Mind
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How I made a nice profit in 90 days and created a five-year income stream tax free

I have been purchasing real estate through my SD IRA for seven years.  My most recent purchase was a small (575 sq. ft.) condo in southeast Albuquerque.  The location was not great, but it was inexpensive and I saw it had potential.

My initial investment was about $19,000, which included the purchase price, back HOA dues and unpaid taxes.  I hired a contractor through my IRA to do all the clean-up and repairs for a total of around $8,000.  He pretty much gutted the condo and replaced everything, including all appliances.

I had a realtor list the condo for $39,900.  Within a couple of weeks I accepted an offer for $34,000 ($10,000 down and $24,000 on a five year real estate contract at 6% interest).  After commissions and closing costs my profit for the investment was just under $4,000.  This was about a 15% return on my money in less than 90 days.  Additionally, my IRA will make 6% interest on the $24,000 real estate contract over the next five years.

I documented this entire investment in a five episode web series called Investment Finders on our Youtube channel.  Please click here if you would like to learn more about the investment process: https://www.sunwesttrust.com/news/ira-investment-finders.html


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