That is really good that you do not want to take loan, you have a good option of using your IRA. The Economic Growth and Tax Relief Reconciliation Act of 2001(The New Tax law), expands opportunities to make larger investments in IRA's. Earlier people use to invest in stocks or other related things but now people have started investing there IRA's in real estate.
There is also good news for people who are staying in Bay area California. Some renowned real estate agents are going to give advise in the seminar which is going to be conducted by wealthyira. Seminar is on 3rd December 2007. If you are lucky and stays in California than do visit the seminar and get all relevant information.
IRA investment in Real Estate seminar will help you a lot.
If you have still any doubts than feel free to PM me. To know more about this seminar you can visit www.wealthyira.com