Self-Directed IRA Non-Recourse Loans to Invest in Real Estate
Did you know that you can use your self-directed IRA to buy real estate? When it works in tandem with a non-recourse loan, you’ll have the means to invest in the South Dakota property of your dreams. At First Western Federal Savings Bank, we make it easy for you to secure a non-recourse loan. Once you get established with a self-directed IRA custodian and are ready to execute a purchase agreement on a property, we can help you through the process of applying. Read on to learn more.
Non-Recourse Loans Are Beneficial
Non-recourse loans are ideal because you take them out in the name of your self-directed IRA. There are more benefits, too, including
- Your IRA is liable for your loan
- There is no recourse if you default
- You only lose collateral if you default
Choose Different Types of Property
When you use your IRA non-recourse loan to invest in real estate, your options are limitless. There are several types of properties you can choose from in South Dakota, such as
- Residential — Single-family homes, townhomes, condominiums
- Commercial — Businesses or offices
- Multi-Unit — Multi-family homes or apartments
- Agricultural — Supports crops or livestock
Diversify Your Investment Portfolio
If you’re interested in investing in non-traditional assets, our non-recourse loan lenders suggest real estate. By adding a real estate property to your investment portfolio, you’ll mitigate risk as well as protect yourself from inflation.
Create Passive Retirement Income
One of the best perks of investing in real estate with your IRA and a non-recourse loan is that it creates the potential for passive income, which can go toward or support your retirement. This is because you can rent your property out, allowing for convenient and nearly effortless cash flow.
Are you ready to apply for a non-recourse loan that works in tandem with your self-directed IRA? First Western Federal Savings Bank is here to help. Contact our non-recourse loan lenders to learn more about our IRA non-recourse loans today.