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Updated about 9 years ago,
Start up money
Hi I'm new on here and excited to learn how to invest in real estate. I have money in a 457 account. I'm thinking of taking a loan out on myself from the 457 money. People have advised me not to withdraw the money due to all the tax hits I will take. I would lose almost 25% if I withdrawal. Is taking a loan out on it a God idea? I would much rather have the money out of the 457 account so I could put it to a down payment of a loan for real estate...