Also I believe the sale needs to be "an arms length transaction" which this is not....Sounds like what you are currently doing is the best option.best,Chris

Tyler, any transactions involving your IRA must be "arms length", be sure to understand the following IRS rules before doing anything with your account:https://www.irs.gov/retirement-plans/plan-particip...

Everyone should note that you explicitly stated non leveraged investments where my example had levareg of the full purchase price and only cash outlay was rehab, ho,ding, misc costs.

We have been given 2 different options regarding financing from lenders - 5/1 ARM or 5 yr Balloon.

As mentioned above you may see this guy trying to twist your arm into accepting more repairs in exchange for monthly rent.

The realtor should refer you to the right mortgage lender / broker that deals with those type of loans (conventional, FHA, VA, ARMs, etc.).

Shoot me an email of that result and i'll shop around for you, I don't think it will cost an arm and a leg, but if you are poking the wrong animal aka answering questions that you don't know the answer to is the first step to a high bid.

If you want to purchase the property with an LLC you're going to need a commercial lender that will likely put you in an ARM with higher interest rates and shorter amortization.

The seller is open to seller financing but still working to get our arms around a workable structure.

I used a local bank that was able to finance 148k at 3.875% 5 year ARM, 20-year term.