Ineligible Properties using a non-recourse loanI have found that when using a non-recourse loan for purchasing real estate under an IRA, the few banks that currently make up the non-recourse loan market have the following criteria:Eligible properties with a non-recourse loan-Single Family Residential-Warrantable Condo's (100% complete, 33% or more sold, and HOA turned over by developer)-PUDs/Town homes-Duplexes-4-Plexes-Multifamily (5 or more units)Ineligible properties if using a non-recourse loan-Residential with large acreage-Raw land-Farms-Manufactured or log homes-Non-warrantable condos-Hotels, condo-hotels-Co-ops, Timeshares-Senior or assisted living facilities-Non-franchise restaurants-Entertainment properties-Mini-storageAn alternative to obtaining an non-recourse loan financing to an IRA from a bank is through a private hard-money lender that in which case would would be more lax regarding the above criteria.

From what I have heard it can be challenging to be profitable unless you have a pretty low vacancy rate and given the number of facilities in the metro-plex right now this may be challenging.  

Good luck with finding a 4 plex for 150k in Houston.

We are against the wall trying to get tenants into our first tri-plex.

My biz partner and I plan on finding a four to eight plex after we finish re-positioning the property we just purchased, and continue to purchase properties MFR's every 2 to 3 years (Funding & Economics Dependent).

We're still new to investing in CBus too; bought our first 4-plex in 2014 and now looking for our next deal.

I wanted to look at 2, 3, and 4 plexes using my VA loan but navy feds rule is only up to a duplex using the VA loan so I might look beyond navy fed if I find the right property.

Seems like the only thing you're missing is that actual cracker of a multi-plex deal!

Hello All,So I was driving around when I saw this 4-plex with so much potential.

I mail to both Single family and multi's (up to 4 plex).I use my home address.