All Forum Posts by: Justin Hall

Hello, I'm curious if I should enroll in real estate classes and get my license before I make my first purchase. Is this a good way to go? My goal is to purchase rental property.

1 Vote

Quote from @Simmy Ahluwalia:

If you are using a retirement account for the down-payment on an investment property, your 1st position debt loan MUST BE non-recourse. If you haven't looked into this, you definitely need to. Talk to your Financial Advisor and/or CPA.

So your saying I would need collateral against the mortgage loan?

0 Votes

I'm also curious if I should take my 401k out of stocks and move it to a stable fund. That way if the stock market drops before I make a real estate investment my money is safer. Thoughts?

1 Vote

Should I take a loan from my 401k to put a down-payment on my first real estate investment?

1 Vote

All Forum Posts by: Justin Hall

Justin Hall has started 2 posts and replied 4 times.

Post: Real estate classes before first purchase

Post: 401k loan for first investment property

Post: 401k loan for first investment property

Post: 401k loan for first investment property