Updated over 8 years ago on . Most recent reply
cash out refi for SFR in solo 401K?
We bought a few SFR in OH with cash from our Solo 401K. They are rent out and cash flow well
Any suggestion on lenders who will do cash out refi? thanks
Most Popular Reply
@Amy Hu
A solo 401k can obtain a non-recourse loan for investing in real estate. For a list of lenders click here.
The loan is to the solo 401k so it must be a non-recourse loan and the borrowed funds have to be used towards the purchase of the property that the lender will have recourse against. The lender will not have recourse against any other property owned by the solo 401k.