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Private Lending & Conventional Mortgage Advice

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Leo B.
  • Investor
  • Hercules, CA
46
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208
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Solo 401K and Hard Money

Leo B.
  • Investor
  • Hercules, CA
Posted Apr 18 2015, 10:43

Has anyone used a Solo 401K to fund down payment on a home and hard money to finance the rest of the purchase and rehab of a fix/flip property?  I understand that you can only use non-recourse loan with the Solo 401K.  If the hard money lender bases their financing solely on the asset, then this would be considered non-recourse, right?

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