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Updated almost 8 years ago on . Most recent reply

Account Closed's profile image
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Account Closed
  • from Oklahoma City, Oklahoma
  • Member since Jul 17, 2017
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Account Closed
  • from Oklahoma City, Oklahoma
  • Member since Jul 17, 2017
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Account Closed
  • Oklahoma City, OK
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Starting Out

First Property Purchase

Account Closed
  • Oklahoma City, OK
Posted

Looking to make my 1st purchase soon. My initial plan was to cash out my 401k and pay the 10% "dummy" tax. My question is this: With my 401k in hand (roughly 75k) what options do I have? Is buying my first property with cash my best option?

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Account Closed's profile image
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Account Closed
  • from Oklahoma City, Oklahoma
  • Member since Jul 17, 2017
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Account Closed's profile image
Account Closed
  • from Oklahoma City, Oklahoma
  • Member since Jul 17, 2017
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Account Closed
  • Oklahoma City, OK
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Account Closed
  • Oklahoma City, OK
Replied

@Alex Deacon, thanks for the quick response! I'll keep that in mind.

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