If you were to withdraw money from a traditional IRA, you would have to pay a 10 percent penalty along with any taxes related for the withdrawal.

Has anyone debated obtaining a 'limited brokers license' over a traditional real estate license?

Second, if the homes are real property then it's technically not a park, because the park is defined as a parking lot and the mobile homes are traditionally personal property.

If you can buy a week and get things going right now, you can close with a normal traditional conventional Fannie type loan in 3 weeks, assuming you are well qualified and don't lolly gag and fence sit and putz about...

As another alternative, you could just do a traditional construction loan (bank or builder) or come out of pocket and then put it into a VA home loan on a multi-unit property.

I’m a first time investor and I was wondering if I can use my traditional IRA with Fidelity to invest in Real Estate?

I used traditional funding and a VA loan.How did you add value to the deal?

This may determine whether you look to traditional financing or more creative methods.2.

Do they think or know that no traditional bank will touch it?

@Matt Ward - Two main reasons I don’t want to invest out here. 1) The money I have earmarked for investing is nowhere near enough for a down payment on a traditional non-FHA loan out here, and 2) the prospect of a 10% dip in home value amounting to $80k+ rather than $10-20k is terrifying to me as a new investor.