Updated about 6 years ago on . Most recent reply
Thinking about taking a 401k loan to buy an investment property
I have never invested in real estate. However, I have been debating multiple options.
Option 1) taking a loan out on my 401k to be a silent investor with a fund and flip.
Option 2) buying my first property with my 401k loan. I am thinking about a two-family home for income but does it make more sense to get a one-family for my first purchase? I can also pay back the 401k loan in the spring of 2020 with some money I have coming in around that time
Option 3) Wait until spring of 2020 and use the money I have coming in to purchase an investment property or get in the game as soon as possible?
Feedback needed