Thinking of using 401k to invest

[Toni Dixon]

Hi All

Im thinking of using funds from my 401k plan to launch my investment goals. Ive heard of the Self-Directed IRA and not sure I want to go that route. Has anyone used the SDIRA? If so, what's been your experience? I've also thought about just taking a loan on 401k for the down payment and repairs (using BRRR method) then refinancing within 6 months to repay my 401k. Has anyone taken those steps? If so, how did that work out for you?

Thanks Toni

[Nicole Heasley Beitenman]

I haven't done either, but from the homework I've done, a loan on the 401K is the easiest route. And the fact that your interest goes back into the 401K is pretty awesome.