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Updated about 13 years ago,

User Stats

16
Posts
4
Votes
Aaron Parker
  • Homeowner
  • Whitewater, WI
4
Votes |
16
Posts

Financing while using SDIRA funds as down payment

Aaron Parker
  • Homeowner
  • Whitewater, WI
Posted

I'm trying to figure out how to ask this--I feel like I have 3 pieces of a 500 piece puzzle.

What I have:

-Self Directed Traditional IRA which has sufficient funds for a down payment for a property, but not for an outright purchase.

What I want:

A non-recourse mortgage using SDIRA money for a down payment.

I'm not sure I can even do this--I went to the State Foreclosure Laws page and looked at Wisconsin, but don't really know what I'm reading. I didn't see the word 'recourse'.

I guess what I'd like to hear from anyone reading this is what would be the best course of action for investing this SDIRA given the above circumstances.

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