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There is market data to support that this trend will continue to grow. This demand creates an opportunity for self-directed IRA investors to grow wealth and experience financial success by investing in real estate. Purchasing rental property in your IRA creates a new avenue for financial possibilities, which can add significant value to your retirement portfolio.
Did you know that your Self-Directed IRA can obtain a non-recourse loan to purchase real estate?
A non-recourse loan is one in which the Self-Directed IRA or the account holder are not liable for repayment of the loan. The is no recourse against the individual account holder(s) or the balance(s) of your IRA funds. In the event of default/foreclosure, the lender can only look to the property held in the IRA as the sole source of repayment. The non-recourse lender cannot pursue other assets owned by the account holder or the IRA.
Benefits of owning rental/investment property in a Self-Directed IRA
While traditional and Roth IRAs are an excellent way to help you save for the future, your investment options are often limited to stocks, CDs, bonds, and mutual funds. A Self-Directed IRA is different. Rather than restricting you to traditional investments, a Self-Directed IRA allows you to expand your options to real estate, joint ventures, and more. With a Self-Directed IRA, you have the freedom to explore these alternative investments and the chance to grow your retirement portfolio. The investments you purchase with loan proceeds can produce the income needed to reach your retirement savings goals.
In addition to increased portfolio diversification, using a Self-Directed IRA to purchase real estate can have the following benefits:
Cogent Bank provides non-recourse financing for the following property types:
Cogent Bank offers the following non-recourse IRA loans:
Given that a mortgage loan held by your Self-Directed IRA is both non-recourse and held for investment purposes, the Self-Directed IRA account balance must include reserves to cover a certain number of months of mortgage payments in the event of non-payment of rent or vacancy. Reserve requirements for your non-recourse loan with Cogent Bank can vary depending on your loan amount and loan to value, but typically 6-12 months of reserves for principal, interest, taxes, insurance and any association fees are required to be held in your Self-Directed IRA.
Fees and expenses for a non-recourse loan are similar to a traditional mortgage and may include:
Self-Directed IRA non-recourse loans are for investment purposes only. A Statement of Business Purpose and Occupancy, declaring that the property is or will be used for business or investment purpose only, is required prior to closing. These can vary depending on the loan amount, loan characteristics and property location.
Expand your retirement savings potential through a Self-Directed IRA (SDIRA) loan for real estate investment. At Cogent Bank, we specialize in non-recourse loans, providing you with financing solutions designed specifically for SDIRA investors. Our team understands the unique requirements of self-directed investing, helping you secure funding while protecting your retirement assets.
Whether you’re purchasing your first investment property or expanding your real estate portfolio, Cogent Bank offers competitive loan options tailored to your needs. With expert guidance and a streamlined lending process, we make it easy to take the next step in building your financial future.
Ready to invest? Contact a Cogent Bank SDIRA loan specialist today to learn more.
