I have a long relationship with my bank, and properties I own outright that could be collateralized, and my bank still won't look at doing an appraised value cash-out before 6 months.

I think the Yakuza lends with only pinkies as collateral.

Even with "no income", they may be able to simply collateralize your paid off property, or collect a larger down payment.

My partners who are very wealthy do this.. ..I borrow from banks at 5 to 6%  that's is the best you can do.. unless as stated you use your securities as collateral.. then for sure .. the loans are 1 over prime or 1 over libor.. take your pick

The collateral pledge is simply your percentage of ownership.

If you have a rental that's paid for in cash then you could just use it as collateral for a loan.

If you are talking about a signature loan where you just borrow the money without using the property as collateral, that is fine.

Note to self: Add "check for pay history in collateral files during initial due diligence" to my DD checklist...Not sure what you can do at this point.

Non-recourse loan means that your Solo 401k can borrow (take a loan) from a bank, friend or investor for investing in real estate.Through the use of leverage or debt financing, the solo 401k greatly increases its available cash amount for investing.Non-recourse means that the lender cannot go after the Solo 401k trustee/participant or the balances of the Solo 401k (also referred to as self-directed 401k, individual 401k, self-directed solo 401k or Solo k).If loan default or foreclosure occurs, the lender can only go after the property for repayment, not any other asset of your solo 401k including cash or the Solo 401k trustee/participant’s personal assets.Since the property is the only asset attached to the non-recourse loan, these are the only funds that the solo 401k can use as collateral for loan.Non-recourse loans in connection with 401ks are not new but only started becoming popular in the early 2000’s.Non-recourse loans can be obtained through certain banks (e.g., North American Savings Bank) as well as hard-money lenders (e.g., whether friend, investor, or company specializing in non-recourse loans).While non-recourse loans can be structured for any term period, banks that specialize in them generally set 15 to 25 year loan payoff periods.Non-recourse loan frees up cash in Solo 401k for use in other investments including additional real estate purchases because only some of the solo 401k funds are used towards the real estate purchase that is utilizing the non-recourse loan.Since a non-recourse loan is quite different from a conventional loan, the qualification requirements are different in that the non recourse lender (assuming you are going through a bank) will NOT look at the following since the loan is to your Solo 401k, not you:Will not check to see if you are employedWill not check your incomeWill not look at your W-2’sWill not look at your tax returnsWill only look at solo 401k assets not your personal assetsSince non-recourse loan is to Solo 401k, the loan does not appear on your credit report since your social security number is not used.

"Cash" offer with a private lender only works with a cash closing i.e. no collateral.