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Updated almost 5 years ago,
Solo 401k Nonrecourse loans
Where are people finding non-recourse loans to fund a buy and hold rental property with their Solo401k? I found 2 lenders who specialize in it but rates are almost at 7% I can get 4.5% from credit union and 5.75% from another bank, but they are all recourse loans. One lender even said that there aren't many banks doing it. So how are people using their Solo401k to finance and finding reasonable rates, since you have to use a nonrecourse loan? Thanks!