Insight
Non-recourse loans often require a down payment of 30% or greater and loan amounts typically range from $100,000 to $500,000, and LTV is capped at 70%.
Non-Recourse Loans: No Credit Check, No Tax Returns, No Employment Verification? Yes, It’s Real!
Summary
This article discusses non-recourse loans, a type of financing where the lender's claim is limited to the property. STR investors, especially those using LLCs, self-directed IRAs, or solo 401(k)s, can potentially benefit from this by preserving capital and avoiding personal liability. Consider evaluating this loan type if you're looking for investment opportunities in real estate.
Key takeaway