Should I borrow from my 401K to do my rehab doing BRRRR

Question

Should I borrow from my 401K to do my rehab doing the BRRRR strategy.

Mark Nolan · Answer

@Alex Cottman

See following regarding the 401k loan rules.

https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-loans

Brent Coombs · Answer

How much interest is your 401K account currently generating?

ie. If you can't do better - leave it alone! (But, how does anyone with brains fail to do better?)...

Mike Hanneman · Answer

@Ryland Taniguchi Do you offer Lending services?

Ryland Taniguchi · Answer

If you do, we can do a BRRRR combo non-recourse loan. The first loan is a hard money loan for the rehab. The second loan would be a 30-year fixed lower interest asset-based non-recourse loan.

Should I borrow from my 401K to do my rehab doing BRRRR

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