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Private Lending & Conventional Mortgage Advice

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Adam Craig
  • Investor
  • Cleveland, OH
128
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603
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Borrow against 401K vs Hard Money ​

Adam Craig
  • Investor
  • Cleveland, OH
Posted Feb 22 2017, 17:33

My current hard money situation is pretty good due to the relationship we have created. I only pay 1 point plus 12% interest only payments. Then I refinance and pay him off, usually 3-5 months,

I am thinking of rolling my SEP into a self directed IRA to barrow 50K at 4-5% based on what I have read. To me this seems like a no brainier. Is there anything I am missing or am I saving 6-7%, I am still not sure about double tax I have been reading about from borrowing against 401K

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