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Updated over 5 years ago on . Most recent reply

User Stats

5
Posts
1
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Zach Dermer
  • Baltimore, MD
1
Votes |
5
Posts

Borrow from a 401K for BRRRR investing?

Zach Dermer
  • Baltimore, MD
Posted

Looking to get some insight as I look to begin investing in real estate.

Should I borrow money from my 401K to be able to pay my first rental in cash? Would use partial cash and partial 401k funds. The plan would be to BRRRR it and pull out the funds to reinvest in another rental. Or should I go the conventional route with a 30 yr mortgage just to get one rental under my belt. Any input on this would be helpful as I look to buy my first rental. Thanks in advance!

Most Popular Reply

User Stats

5
Posts
1
Votes
Zach Dermer
  • Baltimore, MD
1
Votes |
5
Posts
Zach Dermer
  • Baltimore, MD
Replied

@George Blower thanks for that info! Appreciate all the help as I begin my REI journey.

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