My question is if this is first of all allowed and if it is then what kind of loan that needs to be applied for investment or commercial?

If you were free-and-clear on the property you could sell with a seller take-back and make good money on your equity, but with a loan you are limited.

Also hard money loans seem like another way into the game, finding a property to me is the more difficult part.

I am looking for a financial institution that provides non-recourse loans and has an in-house self-directed IRA custodian so  that I can keep the business relationship streamlined.  

Meeting tenants at the bank or the place of work on payday, taking payments in almost any form, personally doing/overseeing nearly all maintenance.

All figures are generated for illustration purposes only and do not reflect actual figures of any of our current/past transactions.Questions:1-If our debt package requires 3 months of prepaid P&I ($15,000), should we increase our Sources & Uses schedule to account for this figure, or do we anticipate the property to perform & simply borrow funds short-term from ourselves or 3rd party credit until operating incomes can pay back the short-term loan?

Many will sell their loans on the secondary market - so the loans have to conform to what the market is willing to buy - which isn’t 2nds.

@Jarred Lieberman, was your original variable rate loan a 30 year loan or a shorter term?

Of course there are a number of fees for the loan so let's estimate cash out of $52,000.  

I came across this deal that’s an assumable loan .