Borrowing Against Annuity to Invest

[Shayne Mahoney]

Hello there,

I was just looking for some opinions on borrowing against my annuity to invest in a duplex. I’d like to use a 203k loan so I can put 3.5% down. I know this means I will need reserves too. A follow up question is, how much is expected in reserves using this method?

Thank you,

Shayne

[Raul Cesar cortes]

I personally have borrowed from my 401k but only for investment property duplex minimum. if possible occupy duplex, i personally lived in my own units for seven years before purchasing my primary residence. My son was born in a duplex i was flipping! good luck Cortes family