Do You Have a Guarantee Loan?

Rule number nine: Don't extend credit or guarantee loans that your i r a is getting. A non recourse loan is a loan where the bank lends money on the property but says, if there's a default by the ira or your i o c or solo k, or whatever it, we're going to foreclose and take the property back. You cannot sign a guarantee k, that violates the rules. We have a list of about four banks that specialize in recourse loans to iras,. single family rentals, to commercial apartment buildings, or commercial propertis or apartment buildings.