Looking for advice to start in my real estate investment journey

[Joey Llamas]

Hey guys,

So I am doing my best with saving at least 20 percent of my paycheck that I will eventually use as a down payment on a FHA loan and try to house hack on a small multi family property.

Will it be wise to expedite this process by taking my contribution to my company 401k and putting this aside with my other 25 percent of paycheck to be able to start this dream and experience faster?

I know it sounds risky but after reading rich dad poor dad he notes that poor people have 401k in mind that this will be their future to retire. 

Im looking for just opinions on this matter, I’m leaning towards putting my contribution aside into my savings account to begin my real estate journey. I guess in hindsight it sounds crazier to bank of putting this money away until you are about 60 and not really know if you will make it to that age or life circumstances. 

Looking forward to the replies :-) 

[Brad Hammond]

It all comes down to your personal preference.  I think it is a good idea to take a loan out of your 401k.  You don't need to pay it back out of pocket, the funds will come from your contribution.  I would be willing to bet you will make more off this real estate deal in 30 years than you would in stocks with the compound effect.