My wife and I postponed it to get our current property remodeled, rented, and cash-out financing completed. 

@Shawn ChervinskisThere can be no direct or indirect benefit between you and the plan, and the fact that you would occupy a unit of the duplex is a 100% deal-killer for an IRA or 401k.You could use a Solo 401k to purchase a property held entirely by the 401k, and to which all expenses and income are attributed to the plan.A 401k (or IRA) can use non-recourse financing, but typically non-recourse lenders will want to see more like 35-40% down and a minimum of 10% cash in the plan for reserves.

Purchase price: $200,000 Pair of duplexes purchased with 1031 proceeds from a previous sale with about 75% financing.

Look into the Dallas-Fort Worth area and start putting money aside, work on making your credit better, and get your finances in shape for more real estate deals in the future.Good luck!

Networking How did you finance this deal?

How did you finance this deal?

Why are the lenders telling you they will struggling financing you? 

We love to partner with Agents on the finance side. 

You might consider seller financing to the renters since their traditional loan is probably beyond them.

I’m also assuming you’re looking for traditional financing.