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Updated over 6 years ago,

Alejandro Lee's profile image
Alejandro Lee's profile image
Alejandro Lee
  • Rental Property Investor
  • from Diamond Bar, CA
  • Member since Jun 1, 2018
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User Stats

16
Posts
4
Votes
Alejandro Lee's profile image
Alejandro Lee's profile image
Alejandro Lee
  • Rental Property Investor
  • from Diamond Bar, CA
  • Member since Jun 1, 2018
Connect
Alejandro Lee
  • Rental Property Investor
  • Diamond Bar, CA
4
Votes |
16
Posts
Starting Out

401k loan request for investment property

Alejandro Lee
  • Rental Property Investor
  • Diamond Bar, CA
Posted

Hello everybody!

Just purchased my first investment property which leaves me low in cash. My agent sent me another duplex property that has potential but i am currently low on liquid cash. I was planning of getting a 401k loan ($15k) for a downpayment. Is it a good idea? What do you guys think for this situation? Thank you in advance! 

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