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Updated over 5 years ago,

User Stats

8
Posts
1
Votes
Lance Conyers
  • Flipper/Rehabber
  • North Port, FL
1
Votes |
8
Posts

Investing with 401k. Using a partner.

Lance Conyers
  • Flipper/Rehabber
  • North Port, FL
Posted

Hello BP community,

I am an experienced house renovator with no experience in flipping houses. Let me explain. Ive been in home construction, remolding and maintenance all my life. I worked as a commercial maintenance man and rental house flipper for many years. Well its time that i start doing it for my self rather than putting money in other peoples pockets. 

I have a very small 401k I would like to invest with. I cant retire with this 401k so I'm going all in on something I know very well and that's home renovation. I plan to buy a quick flip with money down using my 401k monies. I have not yet found a lender. 

My question is is there a good way to take out my 401k to invest with. Should I borrow against it or take it all out? 

Also should I flip a house on my own or is it a good idea to have a partner onboard? If so why is a partner a good idea?


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