Recourse for the buyer on - Posted by Rob

Posted by Terry (Houston) on January 18, 2001 at 21:19:32:

Yes you are right according to Mid Ohio and others. They have a banner here and are usualy at the conventions.

Recourse for the buyer on - Posted by Rob

Posted by Rob on January 18, 2001 at 21:13:41:

Correct me if I’m wrong, but it is my understanding the there is no recourse as a buyer when buying subejct to. The recourse is really still on the seller. If this is true, that would mean that you could use self-directed IRA funds to purchase real estate since it is a non-recourse transaction making sure to abide by all of the self-dealing issues? Any problem with this analysis?
Thanks
Rob