Can a SDIRA enter into a "Subject to Deal" and keep original loan

[Daniel Dietz]

Hello all, 

I understand most of the SDIRA rules, but came across a potential deal that I have a verbal offer/accept on at this point. 

It would be what I beleive is called a 'subject to' deal. Current seller is willing to do this deal if I put 40K down on a 150K property. He owes about 100K on it on a 30 year note @ 3.75% and about 4 years into it. The loan terms are VERY apealling to me :-) 

The reason not to just do a non-recourse loan is that would be 60K down and I dont have quite that much right now. The property fits all of my other criteria for rental purchase as far as quality, location, rent to price ratio etc......

So the question is if we write up the subject to the right way as to be non recourse, is this a doable thing? There is a very high level of trust here as we have done other deals with each other and on a joint basis also. We are not disqualified parties to each other. 

Thanks, Dan Dietz