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Updated almost 3 years ago on . Most recent reply

User Stats

64
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69
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Clayton Coombs
  • Flipper/Rehabber
  • Glendale, AZ
69
Votes |
64
Posts

Looking for a non recourse lender for a HELOC

Clayton Coombs
  • Flipper/Rehabber
  • Glendale, AZ
Posted

I have a self directed 401k in which I buy real estate with. I am required to get a non recourse loan to leverage within my 401k. I know lenders that will give me a non recourse loan but I'm trying to find a lender that can give a non recourse HELOC if they exist... These are rentals (not a primary residence) & held by an LLC that is owned by my 401k. Buying real estate in AZ.


Thanks in advance for any information!

Most Popular Reply

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Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
6,240
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17,848
Posts
Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
Replied

@Clayton Coombs

Over the years I've assembled a list of lenders offering non-recourse financing to self-directed 401Ks and SD IRAs. You can finance a new purchase or do a cash out refinance, but none of them offer HELOC. So to my knowledge HELOC for retirement accounts do not exist, but if you find one, be sure to comment here for everyone else's benefit.

  • Dmitriy Fomichenko
  • (949) 228-9393
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