Lamar asked how a non-recourse loan is used when buying rental properties. Important note: although there are multiple ways to use a non-recourse loan, at this time our lenders are only offering the option to use non-recourse financing in a self-directed account.
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How a Non-Recourse Loan Is Used for Real Estate Investing
If you’re not familiar with a non-recourse loan, see my in-depth video. [ Ссылка ] A non-recourse loan is used in many scenarios, since it is based on the merit of the asset. At Morris Invest, we tend to use a non-recourse loan with self-directed IRAs, as well as for our international clients. A non-recourse loan is also great for those with lower credit scores.
Update: With our current inventory, our lenders are only providing non-recourse loans on properties in self-directed IRAs.
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