problem?

[Jeff Ray]

Hello,

I have over $200k in an IRA. Due to the recent recession, I short-sales two properties two years ago.

I kept one rental property which has a few hundred k in equity.

I have an opportunity to buy a home which I currently rent with some very friendly terms.

Problem is liquidity. I could scratch up about $150k, but need another $150k for down payment to purchase the home.

Anybody have any creative ideas? 

Basically, in a perfect world I would like the IRA to buy out my equity in my rental property, use IRA contributions to manage the rental expenses and then someday use the property as a retirement home.

Any help is appreciated