An account can take on a loan to purchase property
The loan must be non-recourse, meaning the only collateral securing the loan is the property being purchased with the loan
Other assets held within the account or the account holder personally cannot be held liable in the event of a default on the repayment of the non-recourse loan
Mortgage payments of the non-recourse loan held within the account must be paid from the account
Bill payments must be submitted to send payment for the mortgage
A recurring bill payment can be set up to automatically send payments for the mortgage on a scheduled basis
The following must be submitted with your debt-financed real estate purchase request:
Real Estate Direction of Investment
Non-Recourse Loan Documentation
Promissory Note (including verbiage that loan is non-recourse)
Deed of Trust/Mortgage
All loan paperwork should be signed by the account holder
Settlement Statement or HUD showing the correct titling and funding amount along with any documents that will require Equity Trust Company’s signature
Investing in Real Estate with Your Retirement Account
You are leaving trustetc.com to enter the ETC Brokerage Services (Member FINRA/SIPC) website (etcbrokerage.com), the registered broker-dealer affiliate of Equity Trust Company. ETC Brokerage Services provides access to brokerage and investment products which ARE NOT FDIC insured. ETC Brokerage does not provide investment advice or recommendations as to any investment. All investments are selected and made solely by self-directed account owners.