Non Recourse Loan Lender in Chicago
Chicago area real estate investors are using their self directed IRA’s, 401(k)s and IRALLC’s to purchase rental properties through Non Recourse Loans. Rents are strong enough to produce positive cash flow on well researched and purchased properties. Debt service coverage remains positive in the Chicago area markets where I am financing properties for these IRA and Solo 401K Plan investors.
The key in any of the Chicago area markets that investors are working in is a positive cash flowing property on a long term lease. That is the kind of property that First Western Federal Savings finances with our IRA non recourse loan program. Although purchase prices have increased over the past few years, the rent is still strong enough versus the operating expenses to produce a profitable bottom line. And purchase prices are not so high as to make the down-payment or investment cost too high in relation to what returns the owner is able to make from the property. Although prices have started to move up in the last couple of years, there is still room for both capital appreciation and positive rental returns for the self directed retirement plan investor who knows how to make money in buy and hold real estate.