Applying for a non-recourse loan is essential to purchasing a property that can be turned into a rental. You can own a rental property (and use a non-recourse loan to help obtain it) in any of the 50 …Read More
Purchasing Rental Property With a Non-Recourse Loan
In a 2017 news clip from CNBC, they reported that there are more renters now than at any other time since 1965 in the United States. Demand for rental property across the nation is high, and market data suggests this trend will only continue to grow. This creates a significant avenue for investors to grow wealth and experience financial success by investing in real estate. Imagine using your retirement account as the vehicle to purchase the investment property and realize the monthly income tax deferred or tax free. Bonus… the appreciation of the property over time will be treated the same if/when you decide to sell the property. There is no better time than now to get started on building a real estate portfolio in your self-directed IRA or solo 401(k) with a non-recourse loan.
Loans present us with further opportunities in all aspects of life, and a non-recourse loan is no exception. With a non-recourse loan, you can use your self-directed IRA to buy real estate, specifically for the purpose of using it as a rental property. This creates a whole new array of financial possibilities, all of which can add tremendous value to your retirement assets and your investment portfolio as a whole. There are a few simple steps to take and some criteria to fulfill, but investing your self-directed IRA in tandem with a non-recourse loan can be an excellent financial decision.
Take a look at how purchasing investment property with a non-recourse loan works, as well as how it makes a difference. When you’re ready to take the first steps towards getting a non-recourse loan, First Western Federal Savings Bank is here for you.