1. 401K (Solo 401K) Non Recourse Loans

    401K or Solo 401K Non Recourse Loans are a great way to leverage your 401K funds to get a better return on your money. Financing the purchase or refinancing a purchase of real estate inside of a Solo 401K has some distinct advantages over using a Self Directed IRA to buy and fund real estate purchases. The process is the same no matter the retirement entity purchasing the property and funding it w…Read More

  2. Recourse vs Non Recourse Loans

    Recourse vs Non Recourse Loans. What is the difference? You may hear about Non Recourse Loans and wonder what that is all about and how can you get one. Let's start with Recourse Loans first which is the typical loan you may sign at a bank or credit union when you borrow money for a car or a home or commercial building. You usually sign the promissory note in your own name or your companies name…Read More

  3. Non Recourse Loan Underwriting Criteria

    Non Recourse Loan underwriting criteria with First Western Federal Savings Bank is very straightforward. We look at 4 areas when determining whether or not to make a Non Recourse Loan. The main areas are: Does the IRA or SoloK or IRA LLC have enough money? What I mean by that is, does the Plan have the requisite 40% down payment necessary for most properties we finance, plus closing costs, and li…Read More

  4. Non Recourse Loans and Real Estate for your IRA

    Using leverage in an IRA to purchase real estate assets is not a new idea. It has been perfectly legal since 1974 when the original rules were established for individual retirement arrangements (IRA's). By that, I mean that if you wanted to purchase a piece of real estate to hold in your IRA you could do so. And if you wanted to have your IRA borrow some of the money necessary to close the transac…Read More

  5. Non Recourse Loan Reserves

    Non Recourse Loan Reserves (reserve funds left in your IRA) are an important piece of the process when planning that real estate purchase in your self directed IRA, SoloK or IRA LLC. We as a lender and you as an investor should concern yourself with the idea of keeping a liquidity buffer in your Plan so that any unforeseen expense or lack of income can be handled easily without causing stress to y…Read More