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Updated over 7 years ago on . Most recent reply
Non recourse loan and hard money lenders
When using a self directed IRA and one only has a portion of the RE purchase price and needs additional financing non recourse loan is required. Looking at hard money lenders it appears they are primarily only for flips, improvement and development then sale. Recommendations on financing available to assist in the funding of multi family RE purchases?
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Dmitriy Fomichenko
#1 New Member Introductions Contributor
Tax & Financial Services
Pro Member
#1 New Member Introductions Contributor
- Solo 401k Expert
- Anaheim Hills, CA
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Dmitriy Fomichenko
#1 New Member Introductions Contributor
Tax & Financial Services
Pro Member
#1 New Member Introductions Contributor
- Solo 401k Expert
- Anaheim Hills, CA
Here is a list of lenders offering non-recourse loans to retirement accounts:
https://www.biggerpockets.com/blogs/2810/50272-lis...
Several of them offer very reasonable long term loans.
Alternative option would be truly self directed Solo 401k plan, with it there is no UBIT on leveraged real estate.
- Dmitriy Fomichenko
- (949) 228-9393
Sense Financial Services LLC
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