All Forum Posts by: Curtis Woods
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Post: Should I use my 401k to purchase my 1st rental property?
Curtis WoodsPosted
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I currently have a stale 401k with my last company which I'm no longer contributing too and it's been sitting there for over an year. I have a new job and currently contributing to my new companies 401k plan. Would it be wise to use the stale 401k to fund my real estate investment? These funds would completely pay off the purchase. Should I withdraw the entire amount and take the tax penalty or take a loan against, if I can. Any advice would be greatly appreciated.