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Updated about 7 years ago on . Most recent reply

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Paul Lussier
  • Investor
  • Auburn, MA
0
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10
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Should I tap into my 401k to fund repairs?

Paul Lussier
  • Investor
  • Auburn, MA
Posted

I have purchased my 1st income property 2 yrs ago but over the last year the repairs have outpaced the income from it and am wondering where to go from here. I wasn't tapped into BP and had no strategy when I bought it, I just knew I wanted to get into investing in real estate. So now I'm learning more and want to invest in more properties but I need roughly $100k in repairs on my current property. Do I refinance it, use my 401k, get out of it right now as is or what? I know this is vague but any help would be appreciated.

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