How to Invest in Real Estate with a Self-Directed IRA: Is It the Best Option?
Credit Corp
JUNE 4, 2021
Some banks allow an IRA to get a mortgage loan. However, it will be a non-recourse loan, which means that the bank can foreclose on the property and take it if the IRA ever defaults on its payments. Also, the IRS will tax the amount the bank is financing as an unrelated business taxable income.
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