Non-Recourse IRA Loans

[Michael Herr]

looking to purchase long term buy and hold in self directed IRA (roth).

Asking: 30k

Purchase:20k

10k in rehab, ARV 50k. Rents for $800/month.

I don't t have an offer, because I'm not yet setup, but i know the area and can find these deals.

My question is my Roth IRA currently has around 23k. I was hoping to save this year's and next years contributions, and other things I could roll over to cover anything unexpected, and stay a bit diversified.

I would need non-recourse loan of around 10k. I would prefer that to partnering with myself or someone else. I make the max contributions annually , and would like to build equity in the Roth.

Are any banks doing loans like this?

Yes I have/will call around, but most places don't know what I'm talking about: curious to hear the experience of real people.

I am putting the feelers out for private money. I have brothers, sister, grandma and parents eager to loan on this, but its my understanding that those people are prohibited from loaning.