All Forum Posts by: Rachit M.

Hi BP team,

My partner and I recently are going through our first closing on a investment property. My partner (no W2 job; independently wealthy) is going to put up the down payment of 20% while I put up the mortgage (have W2 job; getting the best rate in my name). I keep hearing from mortgage brokers this is a possible issue. We plan to put it in a LLC. Can the LLC put up the down payment and I put the mortgage note in my name?

We are in NJ if that matters. What are my options? 

I was just going to post this. Sad to think that Wall Street might be taking over :( 

It depends on the plan. You might be able to do a in-service rollover, but it really depends on the 401k plan. Ask your HR department for the plan administrator's phone number since they are the experts of the 401k plan since they are the ones that designed it.