Annuity loan to buy vacation rental in Hendersonville TN

2 Replies

Guys and Gals!!! I have been really starting to get serious about ways to finance my first deal. I do have an annuity through my job that I could take a loan out against. Has anyone done this and if so what was your experience? FYI I want to use this to put a down payment on a vacation rental in a near by city of Nashville,TN. And advice would be greatly appreciated!!!!

@Dylan Mettler I have taken out loans in my 401k in the past and it worked great. As long as you do your math right I don't see any problem with it. I've helped some clients find vacation rentals in Nashville as well. Let me know if you have any questions about that!

Dylan we did this on a retirement fund. It's worked out okay. Make sure to understand the terms of the loan and it'll be fine. Meaning make sure you don't have to start selling off the annuity to pay down the balance of the loan over time