Get Your Next Investment Loan Through Your Mates Self Directed Roth IRA

Do you have a good credit history with the banks, but the banks still don't want to loan you money? Well, why not bypass the banks and get the investment money straight from the people, yes you heard me, the people. The people who have money in their self directed Roth IRA. The powers that be, estimate that over fifty million people, have over four billion dollars just sitting in their IRAs. You can borrow this money and secure the loan with a mortgage. The banks at the moment are paying a rate of less than 4%. When you borrow from these IRAs you get to negotiate the rate between yourselves, It can be a win win situation for the both of you. The benefits are easy to see, easier access to investment money for the real estate investor. While the self directed Roth IRA gets a higher percentage on the money it loans out. Once the IRA custodian has paid the money to the borrower, all repayments are made to the IRA custodian who will make out all the necessary documentation. So get busy, If you are a real estate investor, start asking your friends and everyone you know, do they have a Self Directed Roth IRA? You may be doing yourself and your friends a huge favor.

These are some of the answers to some more questions that you have been asking.

• Can my IRA buy a house that has an existing loan? Yes, your IRA can buy a house or property that has an existing loan on it. As long as the loan is a non recourse to your IRA, and to any disqualified person. This means that the lender can only foreclose on the property in the case of a default. The IRA holder and any disqualified person are not allowed to sign a personal guarantee of the loan.

Where do I go to for a non recourse loan? Mortgage brokers, community banks and hard money lenders are three of the places you can go to for a non recourse loan. Another source of a non recourse loan would be the person selling you the property. Most of them know that in the advent of a default, they get the property back anyway. I wrote the other day about asking your friends for a loan using their self directed Roth IRA, this could be a win win situation for everyone. There, that's five ways of obtaining a non recourse loan.

If you can't be bothered with all the rules and regulations, there is a simpler, more TURNKEY solution. Click on the url at the bottom of this article and go to my website. There you will find more information on real estate and IRAs.

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Gordon Hall is an active participant of a national network of professional writers, who advocate socially conscious real estate investing, through the use of retirement vehicles such as IRAs, 401Ks and other retirement assets. For more information, or to get involved, please visit the following http://www.double-your-ira.com