Posted by Don Dion on August 30, 2003 at 11:38:07:
Non-Recourse means that if you dont make the payments the only thing the lender can do is foreclose on the property secured by the loan. Mainly its a commercial term for loans over 1 mil.
Non-recouse loan for Real Estate in an IRA - Posted by Brandon
Posted by Brandon on August 29, 2003 at 20:30:59:
What is a non-recourse loan? I have ability to buy properties outright in my Roth IRA but do not want to use my cash. I would rather finance inside the IRA and use other people’s money (OPM). I understand a non-recourse loan is the only way. Can anyone help me with info. on a non-recourse loan? Thanks.
Brandon A.