Multifamily real estate has traditionally been a stable asset class, and the Washington D.C. metro has traditionally been a stable market area, making the two together a good safe bet, especially for anyone with a long-term view of their investing strategy.

Just like most things in life there are good and bad to both choices. 

Theyre great products for self employed borrowers who will not qualify for traditional loans, but there's a premium for that convenience.

It merely means you will likely have a difficult time refinancing the property to a traditional lending source.

We get just as frustrated because the system is a bit "broken":(I believe the team is in communication with you about your options - just be sure to also let us know your choice to secure the property to deter squatters as cost-effectively as possible.

My firm has several lenders who can seamlessly close in 15 days on 'traditional' mortgages at/below market rates and we've been doing so for a couple of years now. 

If not, you could always maintain 2 separate IRA accounts, one self-directed for private lending, and then another for your traditional investing.

Hi, yes Ohio is a great choice for investing in real estate.

Obey TorahBest, Larry Cheshier That’s interesting Larry but the issue becomes interest rates to borrow the money wouldn’t make this a valid choice.

Maybe we can do seller financing for the $172K and then get a traditional mortgage after the fact with delayed financing?