Updated almost 4 years ago on . Most recent reply
Purchasing Rentals with Investment Accounts
Hello, my name is Evan O'Brien and I'm interested in purchasing my first rental property by taking a loan out on either my 401k TSP retirement account (I'm employed as a Social Worker for the Department of Veterans Affairs) or my brokerage account through TD Ameritrade. What is the process of obtaining financing on a property with a loan from your investment accounts? Does the lender require the completed loan application on your investment account to be provided with the appropriate financial documents? Do you need to provide a letter stating that you're approved to take a loan out on your investment account? Is there an initial process that needs to be followed? Would love to connect with any BiggerPockets members who have experience purchasing rental properties with this strategy!