FAQs

Can I buy real estate with my IRA?

Yes, according to publication 590 published by the IRS, pages 40-41 tell you what you cannot invest in with your IRA. It does not include real estate.

What is the minimum required down payment to get a loan?

The lenders require a minimum down payment of 30%.

What kind of loan do I need?

It’s called a non-recourse loan. This is required by the IRS.

What is a non-recourse loan?

A non-recourse loan is the type of loan that does not require a personal guarantee. The guarantee for the loan is based upon the value of the property and the income it produces.

What types of loan programs are available?

There are currently 4 types of loan programs available for 1-4 unit properties. They are: 1, 3 & 5 year ARM’s as well as a 30 year fixed loan. All are amortized over 30 years. There are also several loan programs available for borrowers who want to buy commercial property with a non-recourse loan (please call for more info).

What type of property can I buy?

You can buy 1-4 unit residential investment properties. There are restrictions on what types of commercial properties you can buy with a non-recourse loan.

Can I use this property?

No. The property you buy with your IRA must be an investment property. Personal use is prohibited by the IRS.