Updated almost 6 years ago on . Most recent reply
funds for a downpayment
I am anxious to get into rental properties. I will have to wait another 5 years to deduct from my IRA without penalty. Since a hard money loan would require a high % of interest I was thinking of taking funds early from the IRA to get in the game now! Any thoughts? Thanks
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I would focus on saving money for your first payment. Anxiousness and real estate investing are usually a really bad combination.