Show Notes
In this episode, we discuss what a Non- Recourse Loan is and how to purchase property with your IRA and borrow money at the same time. Christina Trembly, Director of Operations, asks Matt Allen from NASB commonly asked questions about Non- Recourse Loans.
Matt Allen has been a loan specialist since 2003 and is now the Vice President of Portfolio Lending at NASB. Matt has been instrumental in launching the first nationwide non-recourse loan program for Self-Directed IRAs and teaches investors how to compound their retirement money while diversifying into real estate. Recognized as the expert on Self-Directed IRA non-recourse loans, Matt focuses on building diversified wealth. He is co-author of the book “Leverage Your IRA-Maximize Your Profits with Real Estate”.
North American Savings Bank has been providing loans to individuals since 1927. As a leader in the mortgage industry, NASB offers a variety of mortgage loans and is the only nationwide non-recourse lender for IRA real estate investments. We have retail lending branches in Missouri, and also offer nationwide lending.
Episode Topics:
- Who is the North American Savings Bank?
- What is a non-recourse loan?
- Who is eligible for a non-recourse loan using their IRA to purchase rental/investment properties?
- What is the minimum down payment requirement for a non-recourse loan?
- What is the processing time frame for a non-recourse loan?
- Can properties be held in an LLC?
- Can you refinance a property that you own free and clear within your IRA?
- What are the requirements for IRA debt financing?
- What are the income requirements for rental properties?
- What loan options are available for a non-recourse loan?
- What documentation is required for non-recourse loan approval?
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Disclaimer: Preferred Trust performs duties of a custodian and as such, does not sell investments or provide investment, tax, or legal advice.
