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Updated about 10 years ago on . Most recent reply

User Stats

76
Posts
18
Votes
Dan K.
  • Investor
  • Dallas, TX
18
Votes |
76
Posts

Non-recourse refinances?

Dan K.
  • Investor
  • Dallas, TX
Posted

Hey BP! Has anyone heard of a lender offering non-recourse mortgage refinances that do 70% LTV instead of LTC?

I found out that I could use my self-directed IRA to fund a hard money loan. I'd love to purchase a small rental property that needs some repairs, fund the purchase and rehab with hard money, and then refinance at 70% LTV - all in the name of my IRA.

Would welcome any suggestions you all have. Thank you!

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