Have cash BUT a foreclosure on my record- financing possible?

[Lisette S.]

Hi There, 

I am trying to figure out how to leverage my cash to invest and would like to know if anyone can help me see anything I cannot see given my particular situation. I have about 40K to invest in and currently have a 715-735 FICO.  I have purchased my own residence in the last 2 years using an Fha loan- I have about 100K in equity. I would love to use this to invest, but my obstacle is financing: I have a foreclosure on my record from October 2010- which matures October 2017- given the conventional financing rules (?)-  Is there any way around this obstacle in terms of using my own money to invest?  Interest rates on hard money make it not worth my while as I see it? 

On another note: I also have a self directed IRA with 28K that I am trying to leverage, but the non recourse loans I am seeing require 40% down (condos) or 30% down (SFR). Is this typically what is requested on non recourse loans?- are there any that can finance with less?

Any help or feedback with my particular situation is appreciated.