{"id":184884,"date":"2025-09-24T10:15:33","date_gmt":"2025-09-24T16:15:33","guid":{"rendered":"https:\/\/www.biggerpockets.com\/blog\/?p=184884"},"modified":"2025-09-24T10:16:12","modified_gmt":"2025-09-24T16:16:12","slug":"real-estate-investment-non-recourse-loans","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/real-estate-investment-non-recourse-loans","title":{"rendered":"Non-Recourse Loans: No Credit Check, No Tax Returns, No Employment Verification? Yes, It\u2019s Real!"},"content":{"rendered":"\n<p><span data-preserver-spaces=\"true\">For many real estate investors, the idea of using leverage without relying on personal credit, tax returns, or employment history can sound surprising. Yet this is the foundation of <\/span><strong><span data-preserver-spaces=\"true\">non-recourse loans<\/span><\/strong><span data-preserver-spaces=\"true\">\u2014a financing option available in certain real estate transactions, including those made through <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/real-estate-1168\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">investment LLCs<\/span><\/a><span data-preserver-spaces=\"true\">, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/money-603\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">self-directed IRAs<\/span><\/a><span data-preserver-spaces=\"true\">, or <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/solo-401k-retirement-account-investors\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">solo 401(k)s<\/span><\/a><span data-preserver-spaces=\"true\">.&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">We\u2019ll <\/span><span data-preserver-spaces=\"true\">look at<\/span><span data-preserver-spaces=\"true\"> what non-recourse loans are and how they typically work, and <\/span><span data-preserver-spaces=\"true\">go over<\/span><span data-preserver-spaces=\"true\"> what investors should <\/span><span data-preserver-spaces=\"true\">know<\/span><span data-preserver-spaces=\"true\"> when evaluating whether this approach <\/span><span data-preserver-spaces=\"true\">could align<\/span><span data-preserver-spaces=\"true\"> with their long-term strategy.<\/span><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">What Is a Non-Recourse Loan?&nbsp;<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">A <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/try.trustetc.com\/ira-power-loans\/?utm_source=bigger_pockets&amp;utm_medium=newsletter&amp;utm_term=together_with&amp;utm_content=aug_21\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">non-recourse loan<\/span><\/a><span data-preserver-spaces=\"true\"> is a type of financing where the lender\u2019s claim is limited to the property itself. If the borrower defaults, the lender may foreclose on the property, but cannot pursue the borrower\u2019s personal assets. Yes, you read that correctly.&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> differs from conventional mortgages, which usually require personal guarantees and a review of creditworthiness, employment history, and tax returns. With non-recourse financing, the property\u2019s income potential is the focus.&nbsp;<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Why Investors Consider Non-Recourse Financing&nbsp;<\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><span data-preserver-spaces=\"true\">Preserve capital:<\/span><\/strong><span data-preserver-spaces=\"true\"> Using financing allows investors to acquire property without <\/span><span data-preserver-spaces=\"true\">using all<\/span><span data-preserver-spaces=\"true\"> available cash.\u00a0<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">No personal guarantee:<\/span><\/strong><span data-preserver-spaces=\"true\"> The loan is secured only by the property.\u00a0<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Entity flexibility:<\/span><\/strong><span data-preserver-spaces=\"true\"> Investors <\/span><span data-preserver-spaces=\"true\">may<\/span><span data-preserver-spaces=\"true\"> structure purchases through an LLC, self-directed IRA, or solo 401(k).<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Tax-advantaged environment:<\/span><\/strong><span data-preserver-spaces=\"true\"> When used inside retirement accounts, income may grow tax-deferred or tax-free, depending on the account type.\u00a0<\/span><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Typical Underwriting Requirements&nbsp;<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">While non-recourse loans may offer flexibility, they also come with more specific requirements:&nbsp;<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><span data-preserver-spaces=\"true\">Property type:<\/span><\/strong><span data-preserver-spaces=\"true\"> Single-family rentals (SFRs) are most commonly approved. Some lenders consider <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/finding-multifamily-properties\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">multifamily<\/span><\/a><span data-preserver-spaces=\"true\"> or <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/commercial-real-estate-investing-for-beginners\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">commercial<\/span><\/a><span data-preserver-spaces=\"true\"> properties.\u00a0<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Loan amount:<\/span><\/strong> <span data-preserver-spaces=\"true\">Usually between<\/span><span data-preserver-spaces=\"true\"> $100,000 <\/span><span data-preserver-spaces=\"true\">and<\/span><span data-preserver-spaces=\"true\"> $500,000.<\/span><span data-preserver-spaces=\"true\"> Some lenders will go as low as $50,000.\u00a0<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Loan-to-value (LTV):<\/span><\/strong><span data-preserver-spaces=\"true\"> Often capped at 70%. The sweet spot is 50% to 65%. <\/span><span data-preserver-spaces=\"true\">Investors should plan on a 30% or <\/span><span data-preserver-spaces=\"true\">greater down payment<\/span><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Loan terms:<\/span><\/strong><span data-preserver-spaces=\"true\"> May be structured as adjustable-rate mortgages (ARMs) or fixed terms (five- or 10-year), amortized over 25 years. Every lender is different here.\u00a0<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Debt service coverage ratio (DSCR):<\/span><\/strong><span data-preserver-spaces=\"true\"> This measures a property\u2019s <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/net-operating-income\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">net operating income<\/span><\/a><span data-preserver-spaces=\"true\"> (NOI) against annual debt service.\u00a0<\/span>\n<ul class=\"wp-block-list\">\n<li><em><span data-preserver-spaces=\"true\">Example:<\/span><\/em><span data-preserver-spaces=\"true\"> A DSCR of 1.25 means the property generates 25% more income than the loan payment.\u00a0<\/span><\/li>\n\n\n\n<li><span data-preserver-spaces=\"true\">Most lenders require a DSCR between 1.00 and 1.25, with 1.25 being the <\/span><span data-preserver-spaces=\"true\">common<\/span><span data-preserver-spaces=\"true\"> minimum.\u00a0<\/span><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Liquidity requirements:<\/span><\/strong><span data-preserver-spaces=\"true\"> Lenders often require six months of principal and interest reserves held in the investment entity\u2019s account.\u00a0<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Lease documentation:<\/span><\/strong><span data-preserver-spaces=\"true\"> Current lease agreements or proof of expected lease terms are generally needed to demonstrate <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/rental-property-cash-flow-analysis\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">cash flow<\/span><\/a><span data-preserver-spaces=\"true\">.\u00a0<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Prepayment provisions:<\/span><\/strong><span data-preserver-spaces=\"true\"> Some non-recourse loans include prepayment penalties, especially during the early years.\u00a0<\/span><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">How to Get a Non-Recourse Loan&nbsp;<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">Unlike conventional mortgages, non-recourse loans are not available at just any bank or credit union. These loans are a specialized product, and only <\/span><span data-preserver-spaces=\"true\">certain<\/span><span data-preserver-spaces=\"true\"> lenders\u2014typically those who work with real estate investors and retirement accounts\u2014offer them.&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">Here are the key steps to obtaining a non-recourse loan:&nbsp;<\/span><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong><span data-preserver-spaces=\"true\">Identify a specialized lender: <\/span><\/strong><span data-preserver-spaces=\"true\">Look for institutions or private lenders that explicitly advertise non-recourse loan programs for investment properties. Many of these lenders work directly with self-directed IRA or solo 401(k) investors.\u00a0<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Work with your custodian: <\/span><\/strong><span data-preserver-spaces=\"true\">If you are investing through a self-directed IRA, your custodian can often provide resources and education about non-recourse financing.\u00a0<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Prepare property documentation: <\/span><\/strong><span data-preserver-spaces=\"true\">Since lenders focus on the property\u2019s ability to generate income, you\u2019ll need leases, rent rolls, expense reports, and property valuations ready.\u00a0<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Expect entity-based underwriting:<\/span><\/strong><span data-preserver-spaces=\"true\"> The loan will <\/span><span data-preserver-spaces=\"true\">be made<\/span><span data-preserver-spaces=\"true\"> to your investment entity (LLC, IRA-owned LLC, or solo 401(k))<\/span><span data-preserver-spaces=\"true\">, <\/span><span data-preserver-spaces=\"true\">not<\/span><span data-preserver-spaces=\"true\"> you personally.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Plan for higher down payments:<\/span><\/strong> <span data-preserver-spaces=\"true\">Because of<\/span><span data-preserver-spaces=\"true\"> the specialized nature of these loans, lenders <\/span><span data-preserver-spaces=\"true\">will<\/span><span data-preserver-spaces=\"true\"> often require a larger equity position compared to traditional financing.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Closing fees&nbsp;<\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><span data-preserver-spaces=\"true\">Loan origination fees:<\/span><\/strong><span data-preserver-spaces=\"true\"> This fee <\/span><span data-preserver-spaces=\"true\">will usually fall between<\/span><span data-preserver-spaces=\"true\"> 1% to 2% of the loan amount. \u00a0<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Processing\/underwriting fees:<\/span><\/strong> <span data-preserver-spaces=\"true\">Usually between<\/span><span data-preserver-spaces=\"true\"> $400 <\/span><span data-preserver-spaces=\"true\">and<\/span><span data-preserver-spaces=\"true\"> $600 each.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Standard closing costs:<\/span> <\/strong><span data-preserver-spaces=\"true\">Lender title insurance, government transfer fees and recording costs, appraisal, flood certification, and property insurance.\u00a0<\/span><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Trade-Offs: Higher Rates, Focused Flexibility&nbsp;<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">Because the lender is taking on more risk, interest rates on non-recourse loans are typically higher than conventional 30-year, owner-occupied mortgages. However, the focus is on the investment property\u2019s ability to sustain the <\/span><span data-preserver-spaces=\"true\">debt\u2014<\/span><span data-preserver-spaces=\"true\">not the investor\u2019s personal credit.&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">For retirement account investors, it is also <\/span><span data-preserver-spaces=\"true\">important<\/span><span data-preserver-spaces=\"true\"> to consider Unrelated Business Income Tax (UBIT) if using leverage inside an IRA. A solo 401(k), by contrast, is generally not subject to UBIT on leveraged real estate income.&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">Even with these considerations, many investors determine that preserving capital and compounding growth in a tax-advantaged environment may outweigh the costs.&nbsp;<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">What Happens If You Default?&nbsp;<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">If the property fails to perform and <\/span><span data-preserver-spaces=\"true\">loan payments cannot be made<\/span><span data-preserver-spaces=\"true\">, the lender\u2019s only recourse is the property itself. The loan is secured strictly by that asset\u2014protecting the investor from personal liability.&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">This feature is what <\/span><span data-preserver-spaces=\"true\">makes<\/span><span data-preserver-spaces=\"true\"> non-recourse financing <\/span><span data-preserver-spaces=\"true\">distinct<\/span><span data-preserver-spaces=\"true\"> and why many investors <\/span><span data-preserver-spaces=\"true\">use<\/span><span data-preserver-spaces=\"true\"> LLCs, self-directed IRAs, or solo 401(k)s to pursue these opportunities.<\/span><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Non-Recourse Loans and Retirement Accounts&nbsp;<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">Non-recourse financing may be available when investing through:&nbsp;<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><span data-preserver-spaces=\"true\">Self-directed IRA:<\/span><\/strong><span data-preserver-spaces=\"true\"> Allows investors to use IRA funds for a down payment and a non-recourse loan for the balance. Rental income and gains remain in the IRA on a tax-advantaged basis.\u00a0<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Real estate checkbook IRA:<\/span><\/strong> <span data-preserver-spaces=\"true\">Provides<\/span><span data-preserver-spaces=\"true\"> checkbook control through an IRA-owned LLC structure, <\/span><span data-preserver-spaces=\"true\">giving<\/span><span data-preserver-spaces=\"true\"> investors greater transaction flexibility.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/li>\n\n\n\n<li><strong><span data-preserver-spaces=\"true\">Solo 401(k):<\/span><\/strong> <span data-preserver-spaces=\"true\">May provide<\/span><span data-preserver-spaces=\"true\"> unique advantages, <\/span><span data-preserver-spaces=\"true\">such as<\/span><span data-preserver-spaces=\"true\"> higher contribution limits (up to $70,000 annually, depending on eligibility) and <\/span><span data-preserver-spaces=\"true\">no<\/span><span data-preserver-spaces=\"true\"> UBIT on leveraged real estate income.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Key Considerations&nbsp;<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">Non-recourse loans are not for every investor, but they may be <\/span><span data-preserver-spaces=\"true\">useful<\/span><span data-preserver-spaces=\"true\"> for those who:&nbsp;<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span data-preserver-spaces=\"true\">Want to preserve liquidity while acquiring real estate\u00a0<\/span><\/li>\n\n\n\n<li><span data-preserver-spaces=\"true\">Value the protection of non-recourse structures\u00a0<\/span><\/li>\n\n\n\n<li><span data-preserver-spaces=\"true\">Are <\/span><span data-preserver-spaces=\"true\">investing<\/span><span data-preserver-spaces=\"true\"> through an entity such as an LLC, IRA, or solo 401(k)\u00a0<\/span><\/li>\n\n\n\n<li><span data-preserver-spaces=\"true\">Understand that higher interest rates and stricter terms are part of the trade-off\u00a0<\/span><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Final Thoughts&nbsp;<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">Non-recourse loans represent a specialized financing option for investors seeking to grow their real estate portfolios without personal credit underwriting. <\/span><span data-preserver-spaces=\"true\">By focusing on the property\u2019s performance, these loans <\/span><span data-preserver-spaces=\"true\">allow<\/span><span data-preserver-spaces=\"true\"> investors to evaluate deals based on expected returns and tax-advantaged compounding, rather than <\/span><span data-preserver-spaces=\"true\">personal<\/span><span data-preserver-spaces=\"true\"> financial history.<\/span><span data-preserver-spaces=\"true\">&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">As with any investment strategy, it is essential to evaluate the risks, costs, and tax implications with qualified professionals before <\/span><span data-preserver-spaces=\"true\">moving forward<\/span><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\">&nbsp;&nbsp;<\/span><\/p>\n\n\n\n<p><em><span data-preserver-spaces=\"true\">Learn more:<\/span><\/em><span data-preserver-spaces=\"true\"> Visit <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.trustetc.com\/realestate\/?utm_source=bigger_pockets&amp;utm_medium=blog&amp;utm_campaign=awareness_education&amp;utm_term=non_recourse_loans_blog&amp;utm_content=hub_cta\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">trustetc.com\/realestate<\/span><\/a><span data-preserver-spaces=\"true\"> to explore resources and education about <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/try.trustetc.com\/ira-power-loans\/?utm_source=bigger_pockets&amp;utm_medium=newsletter&amp;utm_term=together_with&amp;utm_content=aug_21\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">non-recourse loans<\/span><\/a><span data-preserver-spaces=\"true\"> and using self-directed IRAs for real estate investing.&nbsp;<\/span><\/p>\n\n\n\n<p><em><span data-preserver-spaces=\"true\">Equity Trust Company is a directed custodian and does not provide tax, legal, or investment advice. Any information communicated by Equity Trust is for educational purposes <\/span><span data-preserver-spaces=\"true\">only,<\/span><span data-preserver-spaces=\"true\"> and should not <\/span><span data-preserver-spaces=\"true\">be construed<\/span><span data-preserver-spaces=\"true\"> as tax, legal, or investment advice. Whenever making an investment decision, please consult with your tax attorney or financial professional.&nbsp;<\/span><\/em><\/p>\n\n\n\n<p><em><span data-preserver-spaces=\"true\">Equity Specialty Services, LLC is a <\/span><span data-preserver-spaces=\"true\">services<\/span><span data-preserver-spaces=\"true\"> company <\/span><span data-preserver-spaces=\"true\">which<\/span><span data-preserver-spaces=\"true\"> offers<\/span><span data-preserver-spaces=\"true\"> services such as document preparation <\/span><span data-preserver-spaces=\"true\">services<\/span><span data-preserver-spaces=\"true\">, IRA Power Loans <\/span><span data-preserver-spaces=\"true\">services<\/span><span data-preserver-spaces=\"true\">, and other services to assist <\/span><span data-preserver-spaces=\"true\">an investor<\/span><span data-preserver-spaces=\"true\"> with <\/span><span data-preserver-spaces=\"true\">its<\/span><span data-preserver-spaces=\"true\"> investments.<\/span><span data-preserver-spaces=\"true\">&nbsp; Equity Specialty Services, <\/span><span data-preserver-spaces=\"true\">LLC<\/span><span data-preserver-spaces=\"true\"> is not authorized to advise you as to which documents you should use or may need or which services <\/span><span data-preserver-spaces=\"true\">are recommended<\/span><span data-preserver-spaces=\"true\">. <\/span><span data-preserver-spaces=\"true\">Equity Specialty Services, LLC does not offer investment, tax, or legal advice<\/span><span data-preserver-spaces=\"true\">, and no<\/span><span data-preserver-spaces=\"true\"> services <\/span><span data-preserver-spaces=\"true\">offered<\/span><span data-preserver-spaces=\"true\"> by us should be considered <\/span><span data-preserver-spaces=\"true\">to replace<\/span><span data-preserver-spaces=\"true\"> the <\/span><span data-preserver-spaces=\"true\">need for<\/span><span data-preserver-spaces=\"true\"> qualified investment, tax, and legal professionals.<\/span><span data-preserver-spaces=\"true\"> Please consult your legal or financial advisor before making any financial decisions. Under the guidelines for legal document preparation services, you must make all legal decisions yourself\u2014including decisions about the type of documents you need.&nbsp; Equity Specialty Services, LLC may receive or give referral fees for services it offers to investors.<\/span><\/em><\/p>\n\n\n\n<p><em><span data-preserver-spaces=\"true\">BiggerPockets\/PassivePockets <\/span><span data-preserver-spaces=\"true\">is not affiliated<\/span><span data-preserver-spaces=\"true\"> in any way with Equity Trust Company or any of Equity\u2019s family of companies. Opinions or ideas expressed by BiggerPockets\/PassivePockets are not necessarily those of Equity Trust Company, nor do they reflect their views or endorsement. The information provided by Equity Trust Company is for educational purposes only. Equity Trust Company, and <\/span><span data-preserver-spaces=\"true\">their<\/span><span data-preserver-spaces=\"true\"> affiliates, representatives, and officers do not provide legal or tax advice. Investing involves risk, including possible loss of principal. Please consult your tax and legal advisors before making investment decisions. Equity Trust and Bigger Pockets\/Passive Pockets may receive referral fees for any services performed as a result of being referred opportunities.&nbsp;<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>For many real estate investors, the idea of using leverage without relying on personal credit, tax returns, or employment history can sound surprising. Yet this is the foundation of non-recourse [&hellip;]<\/p>\n","protected":false},"author":613768,"featured_media":170316,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5530],"tags":[],"class_list":["post-184884","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-financing"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/184884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/613768"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=184884"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/184884\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/170316"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=184884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=184884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=184884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}