All Forum Posts by: Aaron Parker

Thanks, Jon. This route turned out to be a little more difficult than I expected!

Oh, and my current investing strategy is buy and hold--not that I wouldn't consider something else if it made more sense.

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.

Thanks Joshua. It was helpful--there's a lot of information out there, but here it was pretty easy to find as well as a lot of real-world experience to read about.

Hello all! I've been reading much on this board and just closed Friday on my first rental property, a 2 family house in Beloit, WI. Started over the weekend on light rehab work. Very excited!

My local credit union is doing a 21k loan for me for 15 (could've done 30) years 5% (3 year demand/ARM) with 25% down. Not too worried about interest rates going up as it's only 21k. The CU also told me, when I inquired about the number of loans I could take, that that wasn't an issue--I simply couldn't exceed 5% of the CU's worth. Down money is my only limitation--as well as doing only one deal at a time.