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Updated over 9 years ago,
Raid 401K to Buy Investment Property?
Hi All,
Just out of curiosity. Would it be advised to borrow from 401K to buy a second investment property? I'm in the process of buying my first rental, but would love a little more cushion to purchase a second. I'm 32 years old and would like to build more wealth and lower my overhead. I also plan to stick with the 1% rule and projecting a cash flow of $450-500 per unit.
Thanks.