IRA Financial Group Launches Solo 401(k) Plan Leverage Solution for Real Estate Investors

IRA Financial Group Launches Solo 401(k) Plan Leverage Solution for Real Estate Investors

 

NEW YORK/ OCTOBER 17, 2018 (STL.News)

IRA Financial Group, the leading provider of self-directed IRA and Solo 401(k) Plans launches Solo 401(k) plan leverage solution for real estate investors. In general, one is permitted to obtain financing through a loan or mortgage to purchase real estate or flip homes by using a solo 401(k) plan so long as the loan is nonrecourse. A nonrecourse loan is not a traditional mortgage as due to the IRS prohibited transaction rules, the 401(k) plan participant cannot personally guarantee the loan.

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