Trying to get my first deal

[Trevor Hatchard]

Hi all,

Looking to get a quadplex in the pricey southern california market. Have been looking into creative ways to fund my first deal. Does anyone have any experience borrowing against their 401(k)? My company does a 50% match which i figured i would be able to take advantage of here?

My original idea was to use a FHA loan, but i want to use the BRRRR method on a property and noticed that government has FHA 203(k) loan that would be the option i want to use. My girlfriend also is teacher so was considering using the CAL HFA loan which has really good rates.

Ideally i was hoping to put 40K down, keeping about 20K in personal reserves.

Any tips, strategies or lessons learned with any of the above mentioned items would be greatly appreciated.