investing 401k money

[Jason Malabute]

A potential investor asked me today how can she take her 401k money and invest in multi family deal with me? Can she invest that 401k money with me without getting taxed or penalized? She is younger than retirement age.

[John Morgan]

@Jason Malabute

I’ve take out three 401k loans over the years. You can only borrow 50k at a time, but it’s better than nothing. Then you have to pay yourself back around 6% interest over five years. This has helped me acquire 3 properties and I have no regrets.